Auto insurance{{Main|Vehicle insurance}}[[File:2008-07-23 Wrecked car in Durham 2.jpg|thumb|180px|right|A wrecked vehicle]]Auto insurance protects you against financial loss if you have an accident. It is a contract between the insured and the insurance company. You agree to pay the premium and the insurance company agrees to pay losses as defined in the policy.Auto insurance...

Types of insuranceAny risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as "perils". An insurance policy will set out in detail which perils are covered by the policy and which are not. Below are (non-exhaustive) lists of the many different types of insurance that exist. A single policy may cover risks in one...

History of insuranceIn some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies in human societies: money economies (with markets, money, financial instruments and so on) and non-money or natural economies (without money, markets, financial instruments and so on). The second type is a more ancient form...

Insurers' business model===Underwriting and investing===The business model can be reduced to a simple equation: Profit = [[earned premium]] + investment income - incurred loss - underwriting expensesInsurers make money in two ways:# Through [[underwriting]], the process by which insurers select the risks to insure and decide how much in premiums to charge for accepting those risks;#...

Your 5-minute guide to life insuranceLife insurance provides families with financial security should a spouse or parent die. Once you have dependents, the question "What if you got hit by a bus?" requires serious consideration. (See the video "Preparing for the worst.")First, the basicsThere are essentially two types of life insurance: term and whole. You can apply for a policy...

5-minute guide to home insuranceA close look at what your policy does and doesn't cover may surprise you. Here's a 29-point guide to help you read it closely to determine what coverage is best for your situation.advertisementArticle ToolsE-mail to a friendTools IndexPrint-friendly versionSite MapArticle IndexDiscuss in a Message BoardDigg ThisBy MSN Money staffWhat's the most...

Your 5-minute guide to car insuranceweight:bold;">Here's some basic advice, plus 22 tips to help you protect yourself and get the best value for the money you spend on automobile coverage.advertisementArticle ToolsE-mail to a friendTools IndexPrint-friendly versionSite MapArticle IndexDiscuss in a Message BoardDigg ThisBy MSN Money staffYour car insurance rates are based on...

A Fact: Car Insurance is maximized during Holidays By Jasper EricksPublished: Friday, July 30th, 2010The holiday seasons are the busiest time of the year. Shoppers, who rush for last-minute shopping, crowd the malls, the parking lots and the slippery roads. As cars speed on these slippery and dangerous roads, accidents are very hard to avoid even on the jolly holidays.According...

Insurance can be described as a form of risk management which is mainly used to protect an individual against the risk of potential financial losses, if any. Insurance can be used as a tool to protect a person against the potential risks, such as travel accidents, death, unemployment, theft, property destruction by natural disasters, fires, accidents etc.Types of InsuranceDifferent...

Principles of insurancePrinciples of insuranceCommercially insurable risks typically share seven common characteristics.1. A large number of homogeneous exposure units. The vast majority of insurance policies are provided for individual members of very large classes. Automobile insurance, for example, covered about 175 million automobiles in the United States in 2004. The existence...

In some sense we can say that insurance appears simultaneously with the appearance of human society. We know of two types of economies in human societies: money economies (with markets, money, financial instruments and so on) and non-money or natural economies (without money, markets, financial instruments and so on). The second type is a more ancient form than the first. In such...

Insurance PolicyWritten by admin Posted March 14, 2010 at 11:39 am In insurance, the insurance policy is a contract (generally a standard form contract) between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is legally required to pay. In exchange for payment, known as the premium, the insurer pays for damages to the insured...