Canadian insurance

Canadian insurance is a financial service that protects individuals and businesses against financial loss due to risks like accidents, illness, theft, or damage. It operates through policies purchased from insurance companies, which pay for covered events as outlined in the contract. Common types include health, auto, home, and life insurance. In Canada, insurance is regulated by provincial authorities, ensuring consumer protections and accurate practices. It helps provide financial security, peace of mind, and can assist in managing unexpected costs arising from life’s uncertainties.