"Insurance is a contract by which a person binds himself to an insured, to receive a premium, for reimbursement to him for any damage or loss of expected benefits that may be experienced as an event that is not necessarily".
So the bottom line is insurance that is intended in an effort to prevent (long-term) as the savings we anticipate unexpected events in parentheses accident, disaster, urgent funding needs, up to the cost of treatment
* Depending on the type of insurance products are taken
|Credit Image :http://www.promptpayer.co.uk|
Why do we need insurance?
The main benefit of the insurance has insured financial position (Customers) back to the time before there is a loss. But other than that, insurance can also reduce the risk of uncertainty, can reduce the financial burden caused by the losses came suddenly, giving the feeling of security, and many other benefits.
okay with this you of course have started to understand about the existence of insurance mean and why we need insurance