Tag: insurance business

All of the post contents related to the insurance business, you can find more specific by exploring this tag label.

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Home Property Insurance

Is Home Insurance Worth It? Here are 7 Importance of Property Insurance You Need to Know

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Is Home Insurance Worth It? The Importance of Property Insurance No. 4
The Importance of Property Insurance No. 4

Insurance is one of the best-selling financial products in the community. In addition to providing protection or guaranteeWarranty Statement A statement issued by a potential customer regarding the condition of the person or thing insured. for health and life, insurance can also guarantee your overall wealth, including your home. The method is easy, namely by buying home property insurance.

Even though buying a home property insurance product can add to your expenses every month, the costs incurred are nothing when compared to the home property insurance benefits you get as long as the premiumPremium The money that must be paid at a certain time is the obligation of the insurance policyholder. The amount of premium paid is determined by the policy and approval of the insurance company in accordance with the conditions of the insured. The nominal payment approved by policyholders and insurance companies. Premium payment will be made according to the agreement, it can be monthly, yearly, or according to the agreement. runs.

Approximately, what are the benefits of home property insurance? Is Home Insurance Worth It? Let’s see the explanation below:

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Global Insurance

7 Benefits of Insurance That Can Not Be Ignored, the 5th is Really Surprising

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  • Last Modified Last Updated: April 29, 2021 at 12:12 pm
Benefits of Insurance
Benefits of Insurance

Insurance companies can be said to be popular in today’s era. With good marketing methods, insurance has succeeded in reaping a large number of customers from year to year. In fact, the products offered are increasingly varied, so customers can choose according to their needs.

In addition, insurance companies also provide attractive benefits that are a pity to pass up. The following are the insurance benefits that can be obtained after being valid as a policyPolicy The policy is a binding agreement and is agreed upon by the insurance company and policyholder in writing. An agreement made by the policyholder with an insurance company..

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Global Insurance

What are the Risk Criteria that Can Be Insured? 4 Criterias you Should Know

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  • Last Modified Last Updated: March 21, 2021 at 8:57 pm
What are the Risk Criteria that Can Be Insured
Risk Criteria that Can Be Insured

What are the RiskRisk Risk is a loss that occurs to the insured individual or object. Various bad possibilities could happen to someone. Criteria that Can Be InsuredInsured A person who is legally listed in the insurance policy to receive benefits from the policy. A person whose life/health is covered in accordance with an insurance agreement or contract.?

Not all risksRisk Risk is a loss that occurs to the insured individual or object. Various bad possibilities could happen to someone. can or even need to be insured. Only risks that we think cannot be covered alone need to be insured, such as the risk of illness, accident, loss, fire, and so on.

Assets that are of small value are not included in the criteria covered in insurance. In principle, the risks that are protected by an insurance company have the following criteria:

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Global Insurance

How Does Insurance Work?

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How Insurance Work
How Does Insurance Work

The insurance business is a business of taking over the riskRisk Risk is a loss that occurs to the insured individual or object. Various bad possibilities could happen to someone. from the customer to be borne by the insurance company. The way to cover the risk is to use the accumulated premiumPremium The money that must be paid at a certain time is the obligation of the insurance policyholder. The amount of premium paid is determined by the policy and approval of the insurance company in accordance with the conditions of the insured. The nominal payment approved by policyholders and insurance companies. Premium payment will be made according to the agreement, it can be monthly, yearly, or according to the agreement. funds paid by the customer to cover the claimsClaim The demands are given by the insurance policyholder to get the right properly so that the insurer pays the conditions according to the existing procedure. of the customer affected by the disaster/risk.

Simply put, take the example of a merchant association, there are 100 people who are members of insurance by paying a premium of USD 3 thousand. The total accumulated premium is USD 300 thousand. It is estimated that out of 100 traders, there are five people affected by the disaster with a loss of USD 50 thousand each so that the total loss is USD 250 thousand.

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