There are several types of insurance, each with its own benefits and disadvantages. Individual health insurance, for example, is a policy issued to an individual and covers the insured, as well as any dependents they may have. Individual health insurance is also called individual insurance, because it can be purchased separately from group policies. An […]
The principle of insurability is an essential part of the insurance process. Under this principle, an insured person can claim compensation for losses incurred as a result of an insured event. The insured must suffer some form of financial loss as a result of the insurance-covered event, and the insurer is responsible for compensating the […]
The documents that make up an insurance policy are the nuts and bolts of the contract. These contain the details of your policy’s coverage, including any exclusions of coverage. A well-written insurance policy will also include a glossary of terms that are important to understand. Read through these carefully to determine if the terms in […]
There are many factors to consider when choosing an insurance plan for surgery. Not all surgeries will be covered, and different levels of coverage may apply. It is important to know what your plan will cover and what you will have to pay out of pocket for. Some services aren’t covered, and some surgeries are […]
Insurance is basically a way of protection against financial loss from unexpected losses. It’s a type of risk management, mainly utilized to offset the risk of an uncertain or unforeseeable loss. We have been discussing insurance in relation to life and health risks but in order for us to fully understand how it works in […]
Insurance is an important way of protection against financial loss. It’s a form of financial risk management, mostly utilized to mitigate the risk of some unpredictable or contingent cost. The basic concept is that you purchase insurance to protect your assets in the event of some disaster or loss which may occur. The loss may […]
Insurance is a way of protection against financial loss. In basic terms, it’s a kind of risk management, mainly utilized to offset the inherent risk of an unknown or contingent gain. Insurance providers provide a wide variety of schemes, including insurance on life, health, property and even assets. There are two types of insurance; namely, […]
Insurance is an arrangement for financial protection from potential financial loss. It’s a form of financial risk management, mostly utilized to offset the threat of an uncertain or contingent gain. A variety of insurance products are available to meet your insurance needs. Insurance policies can be purchased on the open market as a contract between […]
Insurance is a way of protection against potential financial loss from events that are unpredictable. It’s a sort of high-tech risk management, mostly used to offset the risk of some uncertain or contingent financial event. A classic example of this is insurance against fire. Fire insurance provides protection against damage or loss resulting from fire, […]
Life has got many facets to it and you never know what can happen to you and things around you at a given time frame. That’s the beauty of life but then, it is not necessary that life will always give you pleasant surprises; it can stun you as well! Hence comes insurance in practice! […]
