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 Insurance provides numerous benefits across various types of coverage, helping individuals and businesses mitigate financial risks. Below are the key benefits of insurance: ### 1. **Financial Protection**    - Insurance provides a safety net against unexpected financial losses. Whether it’s a car accident, health emergency, or property damage, insurance helps cover significant expenses that might otherwise cause financial hardship. ### 2. **Risk Management**    - By paying a relatively small premium, you transfer the risk of large financial losses to the insurance company. This allows individuals and businesses to manage and mitigate the uncertainty of unforeseen events. ### 3. **Peace of Mind**    - Knowing that you’re covered in the event of an emergency or accident brings peace of mind. Whether it’s health insurance or home insurance, being insured reduces stress about potential future risks. ### 4. **Legal Compliance**    - Some types of...