car insurance deals
car insurance dealsThe examples and perspective in this article or section may not represent a worldwide view. Please improve the article or discuss the issue on the talk page.Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care. Principles of insuranceFrom the point of view of the insurance company there are four general criteria for deciding whether to insure events or not. Used Cars For Sale-Car Insurance Deals. 1. there must be a larger number of similar objects so the financial outcome of insuring the pool of exposures is predictable. Therefore they can calculate a "fair" premium. 2. the losses have to be accidental and unintentional from the point of view of the insured. Low Cost Auto Insurance. 3. the losses must be measurable, identifiable in location, time, and be definate. They also want the losses to cause economic hardship. That is, so the insured has an incentive to protect and preserve the property to minimize the probabilty that the losses occur. 4. 21st Century Insurance. the loss potential to the insurer must be non-catastropic. It cannot put the insurance company in financial jeopardy. Losses must be uncertain. The rate and distribution of losses must be predictable: To set premiums (prices) insurers must be able to estimate them accurately. This is done using the Law of Large Numbers which states that: The larger the number of homogenous exposures considered, the more closely the losses reported will equal the underlying probability of loss. If you've had a great deal on car insurance let us know. If the coverage is unique, the insured will pay a correspondingly higher premium. Lloyd's of London often accepts unique coverages. (e. g. Home healt health insurance lead home insurance rates california health insurance quote cheap low cost health insurance quotes life insurance instant auto insurance quotes small business liability insurance term life insurance company buy car insurance car insurance massachusetts individual medical insurance car insurance new jersey life insurance lead generation buy travel insurance insurance term life insurance life quote student insurance colorado health insurance aaa auto insurance medical insurance billing and coding auto discount insurance best car insurance quote car insurance deals group travel insurance hartford insurance car cheapest insurance aig car insurance term life insurance quotes online individual dental insurance plans |