What is Insurance?

Insurance is a system to protect persons against the risks of financial loss by transferring the risks to a large group who share the financial losses.

A legal agreement with an insurance company that provides for reimbursement in the case of damage or theft to collateral. Wachovia Dealer Services requires you to maintain insurance on the vehicle you purchase.

Insuance is also A pricing term indicating that these costs are included in the quoted price.

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