It is important to note that in this contract, compensation is only made if it is ascertained that insured person or institution has actually suffered a loss due to and only due to the insured risk. This is achieved by entering into an agreement or contract with an insurance company, which provides protection or insurance from loss due to such risks.
Automobile owners need to plan to secure themselves from possible losses that may be incurred when certain risks occur. Such risks include fire, theft and accident. This is achieved by entering into an agreement or contract with an auto insurance company, which provides protection or insurance from loss.. Read Full Article
principles, which govern the operations of auto insurance processes
Insurance is largely derived from the general law of contract .because of this, insurance contracts must contain elements that are required for all legally binding contracts.in addition, there are certain special principles applicable to insurance that require detailed discussion. The principles help in the operation of.. Read Full Article
The role of auto insurance
Auto insurance and the economy insurance play a very distinct role to the individuals, community and the nation. However ,unlike other financial sectors ,such as banking, insurance generally speaking has not received wide coverage.in some cases, the has had Avery negative attitude towards insurance . Read Full Article