This video answers the basic question "What is Insurance" in a simple, kid-friendly way.
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The video addresses the topics below:
- What is insurance
- What can be covered by insurance (car, house, life, etc)
- How does insurance work (pay premium and file a claim)
- How expensive is insurance, and what impacts the premium/rate
- Does the insurance premium change from time to time
- Impact of a claim on insurance premium
- How long is the insurance cover
- Who should buy insurance
Hope you like the video and stick around for more finance fun! And please let us know your thoughts (or a suggestion for a video) by leaving a comment!
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The information presented in the video and the description is for educational purpose only. The presenter(s) / speaker(s) / Easy Peasy Finance are not financial advisors, and do not provide investment advise. Please consult a qualified financial advisor before making any investment decision.