Definition of Insurance You Need Understood

This time I will discuss about Definition of Insurance You Need
Understood - Speaking of insurance definition, we can find the
existence of different definitions that are based
on their respective viewpoints. The definition of
insurance m ccording to Article 246 of Law Book
Trade Law (businesses) of the Republic of
Indonesia, is an agreement by which a person
committed themselves to take to receive a
premium to provide reimbursement to him for
any loss, damage, or lost profits that may be
expected be suffered due to an event do not
necessarily. While the definition in terms of
insurance if the law is an agreement between two
or more parties where the parties are binding
themselves to the insurer.

Aside from these descriptions, there are some
things that it is necessary to ponder. In everyday
life many people are trying to gain a sense of
security by equipping themselves through
objects that are able to secure property. As the
use of alarms, CCTV (cross-circuit television), dog
guard, or security personnel on guard at all times.
This is done simply and solely is to avoid adverse
events from people who meant no harm.

However, of all the security measures above,
appears to be merely aimed at people who intend
evil. Protection against unexpected events such as
earthquakes, tsunamis, landslides, volcanic
eruptions, fires, or can not be obtained.
Therefore, another mechanism is required that is
not cumbersome but able to give a thorough
security and provide a comprehensive and
effective guarantees for all the losses incurred.
Such purposes can only be obtained through the
purchase of insurance policies.

By purchasing a life insurance policy and the
insurance policy then a loss will feel safe and
secure to themselves and their possessions. From
the examples above, it is clear that the insurance
was very effective because it guarantees both
spiritual and physical. Insurance premiums will
reimburse the insured for loss of damage, or loss
of expected benefits to third parties that may be
suffered by the insured or to provide payment
for the dead and lives insured.
Based on the definition of such insurance,
insurance contains four elements:

• 1. Insured, the insured party who promised to pay
  the amount of the premiums to the insurer at
  once or gradually.
  
• 2. Insure, namely that the insurer promises to
  pay a sum of money to the insured at once or
  gradually.
  
• 3. Accident, which is an event that is not
  necessarily and not known in advance.
  
• 4. Interest, which interest may be experiencing a
  loss due to uncertain events.
  

so that I can convey about Definition of Insurance You Need
Understood