insurance and types of insurance

 insurance

if we look back to see how the industry began, it is not as bleak as it might have appeared first. From the most heinous criminals to the fierce fires that have devastated the world's largest city, insurance has had a colorful past. But how do those insurance-selling gray suits make money, and how does the internal function of one of the most complex currencies really work?

What is insurance? Why do insurance companies make money and how do they work?   By putting yourself at risk, and by spreading that danger around the community, that person is able to continue his or her private or business life without deteriorating due to financial ruin. In simple terms, let's look at two people. One is called jim and the other is bob. 

 If Jim agrees, then that's insurance there. insurance companies make money by evaluating risks and deciding whether to gamble. Jim believes that Bob probably won't lose his phone so he'll be rich for ten dollars. If Jim gets another 100 people willing to give him ten dollars each to lock their phones, he has $ 1,000.

insurance born

Water merchants and retailers often slept in coffee shops in the London business district, and while they drank a lot of coffee, the idea of   modern insurance was born. London's Lloyds, the heart of international insurance, was developed inside one of these coffee houses and here's how it works.

 First, you have a customer. Mention that the client has a ship that is afraid of losing the pirates, or perhaps the ship will be destroyed in bad weather. The client comes to the insurance broker. The merchant looks at the ship, or pays a certain look for the ship, and decides on the total value of the ship. The seller then assesses the risk. He asks the customer where he is going and what cargo he will be carrying. 

With all this information, you draw an insurance policy that shows the third person in the series - the subscriber. With a cheap premium, an underground author covers a few risks. And for a few dollars, they can do some harm. It is now commonly used by many subscribers, but one will be the lead, and the lead author, like Jim, will usually take a large part of the risk and sign his name first in the policy document. 

He is known as a writer, as he writes his name at risk in insurance. The lead author makes major decisions when it comes to adopting a policy, and will be the main man in agreeing to any policy. 

Once the terms of the policy have been agreed upon, they are legalized, and the client is happy and the ship sails - but not before paying the insurance premium to the seller, who will take about 10%, and transfer the rest to the author. 

But what if the pirates? The client (if still alive, if not, the client's representative) will talk to the insurance salesman and the seller will visit the lead author and tell him the bad news. All other subscribers (up to 20 in the main policy) are informed and the seller must discuss the best decision of the client or representatives. Subscribers pay a fee to the seller, who transfers it to the client, without holding any cuts.

Types of insurance

• health insurance
• car insurance
• cigna insurance
• health insurance
• dental insurance
• travel insurance
• auto insurance
• whole life insurance
• vehicle insurance