Howdy Wall St. Willy! When I went to the doctors’ they asked me for my health insurance. But what is health insurance anyway? Health insurance is insurance that covers health related expenses like a doctor’s visit, hospitalization, medicines and many more. But to get this facility you have to pay a certain amount to the …
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Howdy Wall St. Willy! Sometime ago you told me about insurance and one of the kinds of insurance was life insurance. But what is life insurance anyway? Well, life insurance is insurance that covers somebody’s life, which means that if they die, the life insurance company pays a certain amount of money to the person …
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What is car insurance or auto insurance? Car insurance or auto insurance is insurance meant to financially protect you against unforeseen events related to your car, like accidents, theft, fire, etc. (It is also called Motor Insurance or Vehicle Insurance). Are there different types of car insurance? There are 3 main types: Comprehensive Collision …
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Howdy Wall Street Willie. I heard my friends talk about insurance. But what is insurance anyway? Well, insurance is something that protects you financially against a loss, which means that if something goes wrong, the insurance company will pay you. Well, what can be covered by insurance? Anything of value can be covered by …
I’ve heard in some bank commercials that the account is FDIC insured. What does it mean? FDIC stands for Federal Deposit Insurance Corporation. It is a federal agency that insures deposits in participating US banks, which protects the depositors if the bank goes bankrupt. It was formed as a result of the great depression, …
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