Social Business and Real Estate

Posts Tagged ‘home ownership’

What is Insurance where insurance is a system of financial loss by channeling lower the risk of losing the person or entity to another. Agency risk that channel called “the insured”, and the agency receiving the risk is called “the insurer”. The agreement between the two entities is referred to the policy: this is a legal contract that explains each of the terms and conditions protected. Costs paid by “tetanggung” to “insurer” for the risks borne called “premium”. This is usually determined by the “insurer” for funds that can be claimed in future, administrative costs, and profits.

Insurance Act No.2 of 1992 on business insurance is an agreement between two or more parties, by which the parties committed themselves to the insurer to the insured, by accepting the insurance premium, to provide reimbursement to the insured for loss, damage or loss of profits or expected legal responsibility to a third party which may be suffered by the insured, arising out of an uncertain event, or provide a repayment that is based on a person dies or lives insured. Read the rest of this entry »