by admin
in Insurance Terms
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, […]