About Insurance

Insurance is a system for lowering the loss of the financial risk of distributing the loss of a person or body to the other.

Insurance is an agreement between two or more parties, with which the insurer tie themselves to the Insured with insurance premiums, to provide reimbursement to the Insured for any loss, damage or loss of profits or the expected legal responsibility to third parties who may suffer will Insured, arising from an event that is not certain, or provide a payment based on life or death that someone be.

Agencies that distribute the risk as "Insured", and agencies that accept the risk called the "guarantor". Agreement between the two bodies is called the policy: this is a legal contract explain each term and condition of the protected. Costs paid by "insured" to the "guarantor" for the risk borne by the "premium". This is usually determined by the "guarantor" for the funds that can be claimed in the future, administrative costs, and benefits.