article insurance

What is Insurance where insurance is a system of financial loss by channeling lower the risk of losing the person or entity to another.
Agency risk that channel called "the insured", and the agency receiving the risk is called "the insurer". The agreement between the two entities is referred to the policy: this is a legal contract that explains each of the terms and conditions protected. Costs paid by "tetanggung" to "insurer" for the risks borne called "premium". This is usually determined by the "insurer" for funds that can be claimed in the future, administrative costs, and profits.

Insurance Act No.2 of 1992 concerning an insurance Th is an agreement between two or more parties, by which the parties committed themselves to the insurer to the insured, by accepting the insurance premium, to provide reimbursement to the insured for loss, damage or loss of profits or expected legal liability to third parties that may be suffered by the insured, arising out of an uncertain event, or provide a payment based on a person dies or lives insured.

For example, a couple bought a house for Rp. 100 million. Knowing that losing their homes would lead them to financial ruin, they took the insurance protection in the form of home ownership policy. These policies will pay for replacement or repair their homes when disaster strikes. Insurance companies on their premiums amounting to Rp1 million per year. Risk of losing their homes have been distributed to homeowners insurance company.