Insurable Interest

GREETING INSURANCE ,Welcome to the bloggers on this blog .This discussion is a continuation of the basic principles of insurance which is part of the basics of insurance . The discussion below will explain insurable interest is the most important part of the insurance claim that it can be done .Insurance companies must assess each insurance demand in order to ensure that the relevant and potential beneficiaries have insurable interest in the relationship in the event of a potential loss that is , the person will suffer if the insured event occurs .
For example, a property insurance company would not be selling the policy on not the owner of the building , because the person was not going to suffer economic losses suppose that destroyed damaged buildings on fire . In the insurance of goods , ownership is one way of knowing the existence of insurable interest in the goods.Before discussing how to determine the presence of insurable interest in the life insurance , it pentinga for you to be able to distinguish between an insurance applicant , policyholder , the insured and the beneficiary .The applicant is requesting the insurance policy . After the application is approved , the insurance company issuing the policy . Once the applicant receives the policy and pay the first premium , the applicant becomes the policyholder .Insured is a person whose soul is protected by the policy. Often the policyholder and the insured are the same person . If you misalknya pleaded didiri insurance for themselves and the policy issued , then you are at the same insured policyholder .But if your mother pleads insurance on your life and published policy , your mother is your insured while the policy holder . If INSURED died during the insurance period , the insurance company to pay compensation , or other residual matter of policy it is .The beneficiary is the person or persons , or other party designated by the policyholder to receive compensation .We will continue again with the next discussion .
GREETING INSURANCE
NATURE OF INSURANCE

    1. Losses must contain uncertainty .
    2. Losses should be limited .
    3. Loss must be significant ( mean ) .
    4. The ratio of the loss must be predictable .
    5. Loss is not a disaster for the party .