https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:insurance/x647545bbd61df4a7:insurance-basics-and-terminology/v/how-insurance-works 2023-05-03T21:01:13.225276573Z How insurance works Insurance is a way to protect yourself from financial risks by paying a company a small amount of money, called a premium. If something bad happens, like a car accident or a house fire, the insurance company helps cover the costs so you don't have to pay for everything yourself. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/b02df9a2-0d9f-4f39-a055-0777f151dad0_1280_720_base.png How insurance works Insurance is a way to protect yourself from financial risks by paying a company a small amount of money, called a premium. If something bad happens, like a car accident or a house fire, the insurance company helps cover the costs so you don't have to pay for everything yourself. https://cdn.kastatic.org/ka-youtube-converted/i4FAekxeS_o.mp4/i4FAekxeS_o.mp4 217 Insurance basics and terminology https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:insurance/x647545bbd61df4a7:insurance-basics-and-terminology/v/insurance-terminology 2023-05-03T21:01:13.225276573Z Insurance terminology Insurance terminology is the special words and phrases used to describe how insurance works and the different parts of an insurance plan. It's important to understand these terms so you can choose the right insurance for your needs and know what to expect if you ever need to use it. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/f5fc4fb7-fa88-463d-9c97-ba357d89ee47_1280_720_base.png Insurance terminology Insurance terminology is the special words and phrases used to describe how insurance works and the different parts of an insurance plan. It's important to understand these terms so you can choose the right insurance for your needs and know what to expect if you ever need to use it. https://cdn.kastatic.org/ka-youtube-converted/d6R35yGrsgQ.mp4/d6R35yGrsgQ.mp4 290 Insurance basics and terminology https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:insurance/x647545bbd61df4a7:insurance-basics-and-terminology/a/introduction-to-insurance 2023-06-14T19:12:40.083575347Z Introduction to insurance Understanding different insurance options helps keep you and your family protected from life's surprises, giving everyone some extra comfort and peace of mind in our ever-changing world. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:insurance/x647545bbd61df4a7:insurance-basics-and-terminology/e/insurance-basics 2023-06-14T19:12:40.083575347Z Insurance basics Practice your understanding of insurance terminology Elvira Valdez exercise https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:insurance/x647545bbd61df4a7:insurance-basics-and-terminology/v/how-to-buy-insurance 2026-06-26T22:00:50.551247157Z How to buy insurance To buy insurance effectively, you should price shop and research each company's financial strength and reputation for paying claims through ratings agencies like AM Best and consumer reviews. Finally, decide whether to purchase directly or use an agent, choosing between a dedicated agent who experts in one company’s products or an independent agent who can provide quotes from multiple insurers. Sal Khan video https://cdn.kastatic.org/ka_thumbnails_cache/cde6d8c4-0a67-48f0-942f-1b5498772a77_1280_720_base.png How to buy insurance To buy insurance effectively, you should price shop and research each company's financial strength and reputation for paying claims through ratings agencies like AM Best and consumer reviews. Finally, decide whether to purchase directly or use an agent, choosing between a dedicated agent who experts in one company’s products or an independent agent who can provide quotes from multiple insurers. https://cdn.kastatic.org/ka-youtube-converted/MjJ1rBAA2bM.mp4/MjJ1rBAA2bM.mp4 281 Insurance basics and terminology https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:insurance/x647545bbd61df4a7:insurance-basics-and-terminology/a/things-to-consider-when-buying-insurance 2026-05-26T13:30:43.855719901Z Things to consider when buying insurance When buying insurance, it’s important to think about how you buy it, who helps you, and the quality of the company behind the policy. article https://www.khanacademy.org/math/financial-mathematics-tx-teks/x647545bbd61df4a7:insurance/x647545bbd61df4a7:insurance-basics-and-terminology/e/buying-insurance 2026-07-06T04:50:55.94861601Z Buying insurance Practice comparing insurance options, choosing between direct purchase, captive agents, and independent agents, and identifying what to look for in an insurance company or agent. Elvira Valdez exercise