especially the insurance part, I was reminded of the advice that I offer to family, friends, and clients regularly. I would never want to sound like your typical salesman, in fact I make it a point not to; but my number one concern is that the people I love and care for are adequately and appropriately covered. I always try to provide my clients with all of the knowledge up front so that they can make their best decisions based on their individual or family needs. As an insurance agent, I am not
Insurance is the equitable transfer of risk of a loss, from one entity in exchange of money. In today’s world, it is difficult to find a person who is not fully insured. Thus, insurance is a means to manage possible risks, as no one wants to face any type of a loss. It is evident that the insurance companies are now profiting to a greater extent since everyone wants to be on a safer side and avoid risks. This has in turn helped in the economy’s development and growth. This paper will thus focus on
reason why people normally insure their property and even their loved ones. You will note that there are several insurance companies that you can choose from. It is important that you choose a good insurance company in order to insure your property or your loved ones. Insurance coverage basically covers several things. It can protect you, your family and so forth. You will note that the insurance company can help you pay medical bills, auto damages and even losses in the event of fire and other natural
the explanation of a car accident which involves anyone. Then again, problems do occur and you also certainly not realize whenever something may arise that you'll be the culprit. They're the reason why you should have automobile insurance. Nevertheless, automobile insurance insures considerably more than simply collisions. There are times when certain acts connected with characteristics may arise such as a are tornado or perhaps a decreasing
coverage while the first regulations of maritime insurance can be found in the Talmud. Talmud regulates that the owner who loses a ship without own fault has the right to get a new ship from the shipping community (Andrijašević and Petranović 1999). The first known insurance contract dates back to 1347 and is concluded in the form of notary document. The first insurance policy dates back to 1384, and was published in Pisa. Foundations of life insurance date back to the Middle Ages. Guilds were paying
How useful is the passenger insurance on your car insurance? Anyone who occasionally carpooling, BobT, the football team of their son to a game or take the whole family on vacation thinks sometimes of "what if I get in a car accident?". Themselves involved in an accident is bad. But the idea that others while also injured, is absolutely terrible. Auto Insurers know that motorists well become plagued by the specter. They love to play in it. Responding to the fear of drivers with a car full co-drivers
coping with risk. Crop insurance is a coping mechanism and ex-ante adaptation measure by which risk is transferred from the insured to the insurer. Crop insurance compensates the farmer if there is ultimate crop failure in spite of all the precautionary measures taken by him. In this mechanism, a payment of a certain small amount of premium ensures usually the receipt of a larger amount of compensation depending upon the occurrence of an uncertain loss event. Thus, insurance involves the substitution
result in disability. Therefore, we need an insurance to solve this problem. Insurance can be defined as an economic institution based on the principal of mutuality, form for a purpose of establishing a common fund, the need for which arise from chance occurrences of nature, whose probability can be estimated. When you buy an insurance policy, you are transferring the risk of a potential financial loss to the insurance company in exchange for a fee. The insurance company, in return, promises to provide
Motor Insurance Motor insurance covers all damages and liability to a vehicle against various on-road and off-road emergencies. A comprehensive policy even secures against damage caused by natural and man-made calamities, including acts of terrorism. Motor insurance offers protection to the vehicle owner against: • Damage to the vehicle • It also pays for any third party liability determined by law against the owner of the vehicle Motor insurance is mandatory in India as per the Motor Vehicles
Life Insurance - Identify Your Rights Life insurance is one of kind investment option. Not only does it help you build corpus in the long run to take care of your loved ones, but also is one of best tax saving options. Life insurance when done right can bring in a lot of benefits. But is everyone aware of the right, terms and conditions that it beings along? Why is Life Insurance So Important? Life insurance is not a single plan. There are several kind of insurance plans and you need to figure out