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Insurance is important to protect yourself, your loved ones and others. It can be expensive and may seem like a waste of money when you don't make a claim. However, the one time you really need it, you will realize how important insurance is to you. more »
Dental treatment is one of the most expensive types of outpatient care you can get. This is especially obvious because many companies don’t offer dental insurance as part of their medical package and you will need to pick up the tab yourself. If you’re looking to get dental coverage, you will need to consider a series of... more »
Disability is one of the oldest forms of health insurance. There are many types of disability insurance, but they all have one thing in common. They cover you if you're unable to work. Here is information about disability insurance. more »
Insurance coverage comes in all shapes and sizes. It runs the gamut from personal insurance to corporate umbrella liability plans, as well as run-of-the-mill auto and homeowner's insurance. There is insurance for health-related matters, as well as insurance that pays a claim on the death of the policyholder. Regardless of the type of... more »
If nothing bad ever happened, no one would need insurance. Unfortunately, it does, and buying insurance always requires the contemplation of unhappy events. In the case of Accidental Death and Dismemberment insurance, the consequences are rather grotesque. more »
One of the most important thing a person can have that tends to go overlooked is insurance. Be...
An AARP card is your ticket to many a perk and benefit, including affordable home, auto, medical...
Health care can be expensive for even minor procedures and treatments. To ensure that you and...
Life is an accident waiting to happen. You drive your car, take the stairs, cook, shower....
If you are lucky enough to have dental insurance for yourself and your family, be sure you know how to make the most of your coverage. Here are a... more »
Insurance is a general term used to describe any form of protection against loss, however it is most commonly used in reference to the... more »
Renter's insurance is a must when all that you own is in the confines of property that you do not own. Renter's insurance is a safety blanket that... more »
If you stop to look at how much money you spend each year on insurance, the figure may be staggering. Having insurance is a good idea to protect... more »
Dental treatment is expensive and many companies provide insurance coverage for various dental procedures. However, buying dental insurance has... more »
Whether you live in an apartment or lease a condo or single family home, you need renter's insurance. Sadly, many people underestimate the value... more »
You don't expect catastrophes in your life, but you never know when someone may choose to steal your belongings. Likewise, you may suffer loss... more »
Insurance companies don't sell anything tangible yet they offer something of great value--security. Insurance is a guarantee against loss. When... more »
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
Principles of insurance
Commercially insurable risks typically share seven common characteristics.This discussion is adapted from Mehr and Camack “Principles of Insurance”, 6th edition, 1976, pp 34 – 37.
#A large number of homogeneous exposure units. The vast majority of insurance policies are provided for individual members of very large classes. Automobile insurance, for example, covered about 175 million automobiles in the United States in 2004. The existence of a large number of homogeneous exposure units allows insurers to benefit from the so-called “law of large numbers,” which in effect states that as the number of exposure units increases, proportionally the actual results are increasingly likely to become close to expected proportions. There are exceptions to this criterion. Lloyds of London is famous for insuring the life or health of actors, actresses and sports figures. Satellite Launch insurance covers events that are infrequent. Large commercial property policies may insure exceptional properties for which there are no ‘homogeneous’ exposure units. Despite failing on this criterion, many exposures like these are generally considered to be insurable.
#Definite Loss. The event that gives rise to the read more at » http://en.wikipedia.org/wiki/Insurance
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