Get Insurance Definition
Images. The act, business, or system of insuring. Insurance is a means of protection from financial loss.
In this video i have explained in detail about the insurance, types of insurance, difference between life insurance and general insurance. People who buy insurance pay a premium (often paid every month) and promise to be careful (a duty of care). Insurance definition, the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like.
Fire and burglary risk for property;
It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific how insurance works. 'if they fall within the legal definition of insurance, protection may be offered to consumers in two ways.' 'i had a phone call from the bank yesterday from someone trying to sell me card protection. Enrich your vocabulary with the english.