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Insurance Definition Insurance

The life of the people at all times is a continuous movement, which makes it have to be exposed to different situations, often unforeseen, which may also have a significant impact, so best to make those situations some not so serious, is to have available a means of help or support that represents a contribution to meet the different results that are generated during certain events, half as insurance, which no doubt have allowed for persons a solution to a serious event. As you can understand the insurance can be valuable tools, so it is recommended that those who do not know well the definition of insurance and most likely do not have the means, get an idea of what follows from the definition insurance and benefits you have to access this type of contract. Thus the definition of insurance refers to a type of contract, in which one party, take the form of insurance, while another person will insured therefore trigger an obligation of a party to some extent provide a solution to certain contingencies on account of a financial reward which gives life to the obligation to insure. Mainly what is attributed to compensate damage insurer or meet other performance of the contract agreed to by the occurrence of a specific situation. Among the various cases that can fit within the protection from the definition of insurance, accidents are the result of different actions, but most accidents in those activities considered as dangerous as working on a construction or operating motor vehicles or motorcycles, it is also possible protection as a result of the definition of insurance before the fire the effect of different conditions, among many other situations. Within the definition of insurance, the insurer as the carrier usually an insurance company or insurance, which is organized low figure corporation, but there are other entities that can act on the part of the insurer, as occurs with certain co-operatives or to agency official. In the definition of insurance, it is worth noting some key features, as this type of contract is a consensual basis, as is perfected by mere consent of both parties and from the time of the voluntary acceptance begins to take effect, also this is bilateral, since as already mentioned several times produces both obligations and reciprocal rights between two parties that are the insurer and the insured and last in the definition of insurance is evidenced by the appearance of being random as regards to compensation for loss or damage resulting from an uncertain event, since it is not known if this if you can get accomplished.

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