This means that if one of your possessions is lost, damaged or stolen, the insurance company will give you the money to replace it.
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Insurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
If you pay a bit more they will pay if it is lost, stolen or damaged outside the house. For example, if you take your laptop to college and drop it by accident.
Find out about choosing an insurance company on the next page