A way by which covering is offered against any unexpected financial loss is known as insurance. The entity which offers the protection against that financial loss is usually known as the insurer or underwriter. The individual or entity who is offered the protection against financial loss through the purchase of insurance is usually referred to as the insured. So as to determine the occasions in which the insured is legible to a compensation from the insurance company in the event of a financial loss, an insurance policy is usually issued.
Premium is a set value by the insurance company to the policyholder in order to facilitate the efficient covering. The process of making a claim by the insured to the insurance company when a financial loss is experienced involves the undertaking of a claim adjuster by the insured. There are several guidelines that an insurance company … Read the restRead More →