INSURANCE (INSURANCE)
Insurance, people who face the same type of danger, the amount collected through the payment of a certain amount of money, It is used only to cover the losses of those who actually suffered losses as a result of the occurrence of that danger., is a risk transfer system. Thanks to this system, people, the dangers they face may cause, losses that can be measured in money, They share it through the premiums they pay in relatively small amounts..
Basic function of insurance, It is to make the damage economically insignificant. People share the losses that they cannot cover alone through an organization..
this organization, "insurance company", Consists of “insured” and “an insurance contract”.
One in the insurance contract ; on the one hand, providing insurance coverage, legally authorized to engage in insurance activities in accordance with the relevant laws and legislation. insurer ”, On the other hand, those who face dangerinsured ” is available. Insured; As a party to the insurance company, In case any of the dangers covered by the guarantee occur, The person who is legally authorized to claim compensation for the damage caused. Although the policyholder and the insured are usually the same person,, It may also be different.
In response to the insurer's obligation to protect the insured, The insured also has the obligation to pay an amount called premium determined by the contract..