Concept in Definition ABC

The concept of insurance is used in our language with various senses.

That which is free from any danger, harm and threat

One of the most common and widespread references allows referring to that, place or situation, which is free of any danger, damage and threat, and then the person who visits that place or is in that context will feel absolutely safe.

Normally, speaking of places, the quality of insurance will be given by the absence of common crimes and by the presence of personnel from safety, police authorities, which by case have the mission of dissuading the commission of any illicit act.
Then, when an area enjoys this qualification, it will be visited and inhabited by people who are always looking for safe places due to an innate question of survival.

However, it is also a reality that there are many territories considered unsafe, a fact that generates taking the precautions of the case if one has to visit them. Generally, these places are known in advance by the people who inhabit the nation and also to tourism you are alerted about it.

True, undoubted, reliable and that will not fail

On the other hand, the other of the also very common uses of the word allows to classify something or someone as true, undoubted and reliable and that it will not fail in any way. "I'm sure I'll be here tomorrow night." "The method we use in the company to increase sales is the safest."

Contract that is established between two parties and whose objective is to ensure a certain good or element

Likewise, the insurance name is known to any contract that is established between two parties and whose objective is precisely to ensure a certain good or element, until the life of the same person. The insurance establishes that the party that fulfills the role of insurer must comply by granting a certain type of insurance service while the party that is insured must pay for the same amount of money or payment that will be established between both parties according to their interests and possibilities.

Insurers cover a huge variety of needs

Currently, insurance companies are characterized by offering an important variety of options that aim to meet the diverse needs of those who hire them.

Auto, life, body part insurance

In this sense, although the most common insurances are those that apply to movable property or material goods (such as home insurance -against theft, fire or destruction-, auto insurance, property insurance such as jewelry or works from art, insurance on other types of vehicles, etc.), you can also find alternative insurance such as life insurance (for which the heirs of a person a certain amount of silver when he dies) or insurance on certain parts of the body if these are especially important for certain jobs, for example it has become a very common practice for athletes to secure their legs in millions of dollars or for models to do the same with their buttocks or legs. This action has the mission of taking care of what is basically the source of income and the reason for the success of the athlete or the model, and in the event of an injury that prevents continuing with the usual work activity, obtain a redress.

Consideration in exchange for the payment of a fee

The contract of all insurance implies a certain risk for the insured because he must pay monthly a certain amount of silver and this can last for a long time without actually needing any kind of coating to be spending. Insurance thus becomes something necessary and useful but it is really an important expense that does not bear fruit or is directly recovered, unless something happens. claim with that insured and then there the benefits will be enjoyed because the insurance company will have to take charge of the breakage or the missing of the thing insured.

Logically, insurance companies offer endless forms of payments, possibilities of financing, extended fees, etc. All these options are intended to allow the greatest number of individuals to access and contract the insurance service that companies offer. In some cases, there are certain monetary, age or financial limitations depending on the type of insurance and who wants to hire it.

Topics in Insurance