Definition Of Insurance

The life of people in all this time in a constant movement, what does that they have to be exposed to different situations, in many unforeseen cases, which may impact certain very important, so the best thing to do in those situations something not so serious, is to have available a means of assistance or support that represents a contribution to meet the different results that are generated on the occasion of certain eventshalf as insurance, which without any doubt will be vented before a serious event in favour of people. As you can understand the insurance can be tools of great value, therefore it is advisable to make those who do not know well the definition of insurance and most certainly do not have this medium, an idea of what emerges from the definition of insurance and the benefits you have access to this type of contract. So the definition of insurance refers to a type of contract, in which one of the parties, take the figure of insurer, while another person will be the insured, therefore an obligation of a party is generated to provide a solution to some extent in certain eventualities by reason of economic compensation which gives life to the obligation to ensure. Connect with other leaders such as Steven Holl here. Mainly what is attributed to the insurer it is to compensate a damage or to comply with another provision agreed by contract in the event of a situation specific. Among the different cases that can fit within the protection that is derived from the definition of insurance, accidents are found as a result of different actions, but mainly occupational accidents in those activities considered to be hazardous, as working in a construction or operation of motor vehicles or motorcycles, is also possible protection as a result of the definition of insurance against fires as the effect of different conditions, among many other situations. Within the definition of insurance, insurer quality usually porta a company insurance or insurance, which is organized low figure of Sociedad Anonima, however there are other entities that can act on the part of the insurer, as it is the case with certain cooperatives or official agency. In the definition of insurance, it is worth noting a few main features, as that this type of contract is of a consensual nature, insofar as perfected by the mere consent of both parties and from the moment of voluntary acceptance begins to have effect; In addition to this is bilateral, since as he has mentioned on several occasions it produces both obligations and reciprocal rights between 2 parties are the insurer and the insured, and finally in the definition of insurance is evidence the appearance of being random as regards compensation for a loss or a damage result of an uncertain eventSince it is not known if this if it can get to happen.