Welcome, The Finance is a free and helpful resource on issues of personal financesubjects, such as loans, mortgages, credit ratings, insurance policies, banking, credit cards, investments, pensions, retirement plans, 401k and other financial products.

  • EFFECT OF INSURANCE

    Insurance can have various effects on society through the way that it changes who bears the cost of losses and damage. On one hand it can increase fraud, on the other it can help societies and individuals prepare for catastrophes and mitigate the [...]

  • CAPITAL BUDGET

    This concerns proposed fixed asset requirements and how these expenditures will be financed. Capital budgets are often adjusted annually and should be part of a longer-term Capital Improvements Plan.[...]

  • INSURE YOUR HOME AND PROPERTIES

    Home insurance provides coverage for damage or destruction of the policyholder's home. In some geographical areas, the policy may exclude certain types of risks, such as flood or earthquake, that require additional coverage. Maintenance-related issues are typically the homeowner's responsibility. The policy may include inventory, or this can be bought as a separate policy, especially for people who [...]

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Saturday, March 5, 2011

Casualty Insurance

Posted by World of Entreprenuer On 3:16 AM 1 comment

Casualty insurance, often equated to liability insurance, is used to describe an area of insurance not directly concerned with life insurance, health insurance, or property insurance. Strictly defining casualty insurance has become problematic in recent years with the rising popularity of multi-line insurance policies. It is mainly used to describe the liability coverage of an individual or organization's for negligent acts or omissions. However, the "elastic" term has also been used to describe [...]

Health insurance

Posted by World of Entreprenuer On 2:49 AM No comments

Health insurance policies issued by publicly-funded health programs, such as the UK's National Health Service will cover the cost of medical treatments. Dental insurance, like medical insurance, protects policyholders for dental costs. In the U.S. and Canada, dental insurance is often part of an employer's benefits package, along with health insurance. Funeral insurance Funeral insurance is a very [...]

Home Insuance

Posted by World of Entreprenuer On 2:38 AM No comments

Home insurance provides coverage for damage or destruction of the policyholder's home. In some geographical areas, the policy may exclude certain types of risks, such as flood or earthquake, that require additional coverage. Maintenance-related issues are typically the homeowner's responsibility. The policy may include inventory, or this can be bought as a separate policy, especially for people who [...]

Auto Insurance

Posted by World of Entreprenuer On 2:28 AM No comments

Auto insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision. Coverage typically includes:    1. Property coverage, for damage to or theft of the car;    2. Liability coverage, for the legal responsibility to others for bodily injury or property damage;    3. Medical coverage, [...]

Types of insurance

Posted by World of Entreprenuer On 2:25 AM No comments

Any 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 or more of the categories set out below. For example, vehicle insurance would typically cover both the property risk (theft or damage to the vehicle) [...]

Effect of Insurance

Posted by World of Entreprenuer On 2:21 AM No comments

Insurance can have various effects on society through the way that it changes who bears the cost of losses and damage. On one hand it can increase fraud, on the other it can help societies and individuals prepare for catastrophes and mitigate the effects of catastrophes on both households and societies. Insurance can influence the probability of losses through moral hazard, insurance fraud, and preventive steps by the insurance company. Insurance scholars have typically used morale hazard to refer [...]

Friday, March 4, 2011

Insurance

Posted by World of Entreprenuer On 10:22 AM No comments

In law and economics, insurance  is a form of risk management primarily used to hedge against the risk of a contingent, uncertain  loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured, or policyholder, is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance [...]

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