london and edinburgh insurance company

london and edinburgh insurance company
Insurance is a defensive measure used against future conditional losses to hedge the possible risks of the future. It is a legal contract that protects a person from contingent risk of losses through financial means and provides a means for individuals and societies to handle some of the risks faced in daily life.

These contracts of insurance and are covered by insurance. The insurance company, a lot of regular customers, which is paid back, either partially or completely to the customers in the event of a final loss. This is a regular amount of customers as insurance premium.

GROUNDS OF INSURANCE:

Sometimes in life, it is not possible to account for losses. For example, people can become ill. You may of illness or accident, or their houses or other properties may be damaged or stolen. In all these cases, and they have to face the loss of income or savings. Insurance is a way to financially insure that, if such an incident then the loss will not affect the welfare of the person.

Doctrines OF INSURANCE:

1 It should be a certain final loss, in a time known, in a known place and from a known cause. Therefore, the time, place and cause of loss should be clear enough.

2 The incident that caused the claim should be accidental or beyond the control of the recipient.

3 The size of the damages must be significant from the standpoint of the insured. Insurance premiums should cover the estimated cost of losses, plus the cost of the policy, over the losses, and the key to logical guarantee that the insurer would be able to claim reimbursement.

4 The amount of the premium should be affordable.

5 The possibility of losses and the cost of compensation should be calculable or estimable

Insurance:

Here are some types of insurance.

LIFE INSURANCE:

Life insurance insures the life of the insured. The insurance is legally obliged to provide a monetary benefit to a deceased's family or the beneficiary after the death of the policyholder. The proceeds will be sent to the recipient, either a lump sum or a pension

HEALTH INSURANCE:

Health insurance will also medclaim. Under this policy, the insurance pays the amount to the insured for his health purpose. This amount covers the cost of medical treatment.

Disability Insurance:

There are two types of disability insurance.One is simple disability insurance and the other is total disability insurance. In the case of a simple disability insurance, financial assistance on a monthly basis by the insurer to the policyholder if he is unable to work due to injury or disease. However, permanent disability insurance provides a refund if a person is permanently disabled.

General Insurance:

It includes Automobile insurance, business insurance, property insurance, etc.

Motor insurance:

In Britain, this insurance car insurance. It is like the loss of or damage to the vehicle. But in the United States auto insurance is essential for a vehicle on public roads.

Business Insurance:

Business insurance protects the company against the risks of losses and damages and compensates in case of loss

Property:

This type of insurance protects your property against hazards like fire, theft etc. This category also includes fire, flood insurance, insurance, earthquake, etc.

Fire insurance value:

It is an insurance for the damage to property caused by fire.

Flood Insurance:

This type of insurance pays the policyholder in the event of loss or damage to property by floods. It protects the property against the floods.

Earthquake Insurance:

This insurance compensates for property damage caused by earthquakes.

Importance of Insurance:

Insurance plays an important role in the allocation of the risks of people in an affordable form.It helps people to quickly return from injuries and losses.

Sadaf