Insurance definitions

Insurance definitions

Insurance; are:

1. Losses as a result of the insured property destroyed entirely (total losses).

2. The agreement between the insurer and the insured, which obliges the insured to pay a premium to provide reimbursement for losses, damages, death, or loss of expected profit, which may be suffered because of an unforeseen event (insurance).

3. Insurance is an agreement between 2 (two) or more parties when the insured person binds himself to the insurer, to accept insurance premiums to reimburse the insured for loss, damage or loss of profits that is expected or legal liability to third parties who the insured may be in pain because of an uncertain event, or to provide payment for life or death someone in pertanggungkan. "

4. Is a contract that requires insurance companies (muammin) to provide to the customer / client of his (muamman) some property as a consequence rather than contract it, be it a form of remuneration, salary or compensation of any kind of goods when terjadibencana or accident or evidence of a hazards as set forth in the contract (transaction), in exchange for money (premiums) are paid regularly and periodically, or in cash from the client / customer (the muamman) to the insurance company (muammin) at the time of his life.