Sunday, February 13, 2011

Article, truth or not?

this is my first time writing an article (masa exam dekat sekolah dulu dh penah buat  pun :p), but you guys must think. What on earth I wrote an article about Insurance? this is because my brother give me a test to rewrite 'How Insurance Works' . So here's the final work! Enjoy :)


HOW INSURANCE WORKS.
In modern life that we living in right now causes us lot of question mark on what will happen next. For example, who knows we will get into an accident, be caught on fire or maybe our family members died causes by a strangely disorder.

So, if one of the incidents happened to us, do we get any substitute to cover up the damage? Yes, you will be cover up by an Insurance that you sign up for.

Insurance literally mean a conscionable transfer of loss from one person 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 coverage, called the premium. Let us understand more about insurance based on example.

Let’s say if you have a car accident, you insure two cars at a premium of $300 each and the insurer's base rate is $400. After an accident, you may get a surcharge of $80 (20 percent of $400) on both, so your total surcharge would be $160 an increase of about 27 percent on the policy.

In any meaning, this is the purpose of insurance. Basically, no one in this world can tell what will happen next. So, an insurance company is actually helping soothen up an individual burden. Furthermore, the more amount of money the members contributes, the higher the amount that his/her family will get in case if his death or accident based on the type of insurance that we choose.
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Have a nice day yo! XXDORKXX

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