The Benefits Of Having Insurance 3816762268780510832-blid-6821089252464533309

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An insurance is a written agreement which promises a reimbursement in case of loss, after the insured has paid a certain amount of money regularly, in order to cover a hazardous situation. Insurances are seen as the transfer of risk from one entity to another, in return of a sum of money. The insurer evaluates the insured item, becomes aware of the size of the risk and promises by signing a contract with the insured, to reimburse an agreed sum of money, should the insured suffer the loss.