Respuesta :
Used to estimate the amount of insurance coverage an individual will need. This needs approach considers the amount of money needed to cover funeral expenses as well as debts and obligations such as a mortgage or college fees.
Insurance is an agreement between two or more people in which the insured party pays contributions/contributions/premiums to obtain compensation for the risk of loss, damage, or loss, which may occur due to unforeseen events.
Insurance cannot eliminate the risk of unexpected events, but insurance can reduce the impact of losses arising from these events, both on a small or large scale. Now insurance has become part of financial planning for some people for the long term.
Elements in Insurance
- Premium. Premium is an obligation paid by the insured party to the insurer (insurance service provider) as a risk transfer service
- Insurance policy. An insurance policy is a legal document that forms the legal basis for the relationship between the insured (customer) and the insurer (service provider/insurance company).
- Claim. An insurance claim is an official application submitted by a customer to an insurance company to make a payment as a form of compensation for damage or loss based on the provisions of the insurance policy.
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