What is Insurance

Before this question is answered, it's good I asked first. If you've lost something, for example, a wallet containing securities or money. How would you feel ? Sad, upset, confused, angry, and despondent feelings row of hanging on your heart. Or, have you ever lay sick and your little girl sad because his father did not pick up a few days after school or take a walk. Humans and life always have ups and downs. Can be happy, be sad, can benefit, also can be lost. Misfortunes and losses can sometimes been considered previously and sometimes unexpected. Problematic as this often a concern in the life. Life is full of risks !

You'll want your life without risk. It is not possible. Is the risk can be avoided ?. The answer is no, because in this world everything has its limits., no eternal. So ? Risks can only be transferred, in a broader sense, is managed. If one day, sorry, you've gone, who will bear the continuation of education of your children ? Is sorry your wife rushed new husband ( this seems not possible ). Sweet memories with you cannot so easy to forget.

So back to the beginning. What is insurance ? Insurance or coverage is an agreement, by which the underwriter ( usually an insurance company ) committed themselves to the insured, by accepting a premium, to provide reimbursement to him for any loss, damage or loss of expected profit, which may be suffered because of an event that did not an expected. Agreement mentioned is an insurance policy.