Life is full of unexpected risks or unexpected, that's why we need to understand about the definition of insurance.
understanding insurance
Some natural events that occurred in recent years and takes a lot of casualties, both fatalities and property, such as reminding us of the need for insurance.
The primary function of insurance is as a mechanism to transfer risk (risk transfer mechanism), which transfer risk from one party (the insured) to another party (the insurer).
Understanding insurance - insurance policy
Basically, the insurance policy is a contract that is a valid agreement between the insurer (in this case the insurance company) with the insured, where the insurer was willing to bear some losses that may arise in the future in return for payment (premium) certain of the insured.
understanding insurance
Some natural events that occurred in recent years and takes a lot of casualties, both fatalities and property, such as reminding us of the need for insurance.
The primary function of insurance is as a mechanism to transfer risk (risk transfer mechanism), which transfer risk from one party (the insured) to another party (the insurer).
Understanding insurance - insurance policy
Basically, the insurance policy is a contract that is a valid agreement between the insurer (in this case the insurance company) with the insured, where the insurer was willing to bear some losses that may arise in the future in return for payment (premium) certain of the insured.
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