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The types of insurance that are required by law are Bodily injury and property damage liability and personal injury protection.
What do you mean by Insurance?
Insurance refers to the contract under which an individual is entitled to receive financial protection from the insurance company. Life, health, homeowners, and auto are the common forms of insurance.
These policies are used to hedge the risk of financial losses. The types of insurance required by law are Bodily injury and property damage liability and personal injury protection.
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