What is Insurance Mean ?
But today we are engaging you all each to re understand about insurance based on q tag on title above.
So here it is the answer of What is insurance mean ?
It is a form of agreement between the insured and the insurer. The insured will have to pay dues to the insurer. The goal is to obtain compensation for financial risks that may occur. The insurer is an insurance company.
in first insurance flyer actually that q tag above had been answer, right ?
😁🥳👍
And this will bring all of us to parking 4 da momment into Hi~Story Parking place :
Approximately about time on 18th century....lets say like that, many companies sent theirs trade via sea.
Then something was happened one of the ship sank just like that, did not matter wether it was sabotage or bcz of nature disaster in the sea cz the main thing was that the owner had losted huge money and closer to bankruptcy as the family of crew ship members also dies too.
Shortly from that Hi~Story then came an idea to minimilize the risk of the company by building the insurance company so the owner &/ company will not get like story above or just like on proverb :
"Has fallen under the stairs and then hit by bricks".
And what b meant above " did not matter by sabotage or nature disaster ", was the main source that had born many types of insurance today such as car insurance, health &/ medical insurance etc etc.
Hope da q tag is answered 🥳
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