Insurance

by Zeyang Wu

I believe that everyone has connection with insurance, from birth to death.  And I also believe that everyone needs the insurances for risk averse.

Insurance, in the sense of law and economics, is a kind of risk management, which is mainly used for the risk of economic loss. Insurance is defined as the average shift in the risk of a potential loss to an entity by paying a fee.

In fact, it is once you join a group, "one man is in difficulty, we amortized" is in monetary form apportion the social risk transfer mechanism

The applicant according to the contract agreement, pay insurance premium to the insurer, insurance for property loss or damage caused by the occurrence of a contract may bear the liability to pay the insurance money, or the death of the insured, disability, disease, or reach the age and period of the contract conditions when undertake to pay insurance gold.

resouse：

Arnoldo offermann.Check Your Insurance.Digital image. 13 Jan,2016. web. Apr 2016.