By: Kareem Kobeissy 11/2/2026
What is Insurance & Risk Protection? Insurance is a legal contract that you sign that transfers the risk of a possible financial loss from a business to an insurance company in exchange for monthly payment. Risk Protection is the strategy that identifies threats using insurance as a mechanism to absorb costs from accidents,disasters, and medical costs. Insurance is important for adults especially younger adults because it can help cover the costs of accidents, disasters, medical costs, etc. The possibility you would have to use insurance is not low, most adults get into accidents and would need insurance to cover it. For example if you break a leg, the insurance covers the medical costs but result in a higher monthly payment, if you do not have insurance the medical costs, accidents, and disasters would sky rocket. So, all in all having Insurance is beneficial to adults because it lowers costs and if you think you wouldn’t use it eventually you would end up regretting that decision.
