Basic Insurance Is The Reason Why You Need Insurance?


According to Wikipedia, the insurance is:

"Insurance, in law and economics, is a risk management order used to protect against the risk of a potential loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another in exchange for a premium, and can be considered a small loss guarantee to avoid a significant loss, potentially devastating "

Insurance can be personal or business, but the main purpose of insurance is to ensure that you or your business against loss. Term insurance can be described as follows:

- A small loss to prevent a large loss can be devastating.

Insurance protects you against financial loss in the future, if you have an accident. Insurance is a contract between you - insured (person or entity buying the insurance) and the insurance company. P
olitical payments are called premium.

Please complete the form and make the insurance quote. There are a number of types of insurance, but we will stick with the main ones:

Auto insurance

Auto insurance also known as

- Car insurance

- Car insurance

- Car Insurance

It is purchased for cars, trucks, motorcycles and other vehicles. The main use of car insurance is to provide protection against losses incurred as a result of traffic accidents.

Approximately 175 million were covered by automobile insurance companies. It is the largest market for car insurance in the world. About 34 million are insured as well. China - 10 million insured vehicles.

Auto insurance provides:

a) T
he coverage of the property - which pays for thief or damage to your car

b) Medical coverage - it pays to its responsibility to others for bodily injury or property damage

c) T
he coverage of liability - who pays for the cost of treating injuries, lost wages and funeral expenses.

Insurance premium varies between adolescents and adults, men and women. Sports car owners, motorcycles insurance premiums rather than compact cars, midsize cars and electric cars.

In the United States, Russia, Brazil, Japan car insurance company should notify you by email, phone or any other method to renew your contract.

Home Insurance

Like car insurance, home insurance provides compensation or hold it against damage caused by a disaster home. It is sometimes called hazard insurance or homeowners insurance as well. May include:

- Losses occurring at his home
- Household Loss
- Home content
- Other owner of personal property loss

In certain geographic areas, you must purchase additional insurance for certain types of disasters, such as:

- Flood Insurance
- E
arthquake
- War

They removed the original from the political and require additional coverage. Home insurance policy is a long contract. Home insurance company should notify you by email, phone or any other method to renew your contract.

Health plan

Health insurance is the type of insurance that pays for medical expenses. It is also known as:

    health coverage
    health coverage
    health benefits

Policy can be purchased by individuals or legal entities based group coverage for their employees. T
he policy of health insurance is a long contract. Policyholders must pay premiums to protect themselves from unexpected medical expenses. Insurance contract can be renewable annually or monthly.

In 2008, about 84% of US citizens have health insurance:

    About 9% insurance directly disease
    About 60% get it through an employer
    About 20% of Americans get health insurance from various government agencies.

In 2006, there were 16% of Americans (47 million people) who were without health insurance. Many plans include medical expenses cover dental expenses. S
tandalone dental insurance is also available.

Hospitals and doctors funded by payments from patients and insurance.

Life insurance

Life insurance is also known as life insurance. Insurer (or Life Insurance Company) agreed to pay the sum of money upon the occurrence of death, the insured person's disease, a serious illness, terminal illness or other event. Borrower pays a fee at regular intervals or lump sums. Life insurance can be:

    Temporary.

There are life insurance coverage for specified period of time at a specified rate (premium). Normally, the premium buys protection in the event of death and nothing else.

    P
ermanent

The type of insurance that remains in force until the policies mature (in other words paid) unless the borrower does not pay the fee provided if necessary.

Like most insurance policies, life insurance is a contract between the insurer and the insured for which an allowance is paid to the designated beneficiaries if an insured event that is covered by the policy.
Insured events that can be treated include:

    
Protection policies
    
Investment Policies
    D
isease

Each contract may include limitations of insured events. Any false information by the insured on the application will cancel the contract.

After the death or illness of the insured the insurance company requires acceptable proof before paying the claim. For example, the list of documents required for the death of the insured:

    D
eath certificate
    
Completed, signed and notarized application form

If the death of the insured looks suspicious, it can be studied by the insurance company before deciding whether it has the obligation to pay the claim.

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