such as an accident or a fire, among others.

Insurance is a contract whereby one party (the insurer) agrees,

by a premium that pays the other party (the insured)

to compensate damage or meet the agreed service if the scheduled event occurs,

such as an accident or a fire, among others.

The insurance contract may cover all risks if insurable interest exists,

unless expressly prohibited by law. For instance:

The risk of fires.

The risks of crops.

The duration of life of one or more individuals.

The risks of the sea.

The risks of transport by air or land.

The insurer usually is an insurance company organized.

in the form of corporation;

but there are also cooperative and mutual insurance companies and even,

an official body - The Savings and Insurance - performs such operations.

Also, in some provinces they operate official insurers.

The insurance contract is consensual, bilateral and random.

It is consensual because it is perfected by mere consent,

parts and produces its effects has been made since the convention;

since it originates bilateral rights and obligations,

reciprocal between insurer and insured,

and it is random because it refers to compensation for a loss.

or damage caused by an event or an uncertain event,

because it is not known if it will occur and the,

Otherwise - as with death - no one knows when it has to acontecer.seguros, cheap, home insurance, car insurance, compare insurance, car insurance, insurance safer.


2. Classification of insurance

They can be classified in various ways insurance. First,

according to whether by the state,

in its supervisory function or the private insurance business,

They are divided into social insurance and privados.seguros home insurance, home insurance, home insurance, car insurance cheaper car insurance cheaper.


Social insurance: Social insurance aims to protect,

the working class against certain risks, such as death, accidents, disability,

illness, unemployment or maternity.

Are required premiums are paid by the insured and employers

and in some cases the state also contributes its contribution to the financing,

of compensation. Another feature is the lack of a policy,

the rights and obligations of the parties,

as these insurances are established by law and regulated by decrees,

where these rights and obligations are required.

The insured establishes the beneficiary of the insurance,

and whether that designation will be missing their legal heirs beneficiaries,

like community property,

in the order and in the proportion established by the Civil Code.

Therefore,

caused the death of the insured the National Fund,

Savings and Insurance paid the insurance amount to the beneficiaries.

instituted by him or his heirs.

The security system of the pension funds is not technically insurance,

although its purpose is analogous.

It lets enjoy an income for retirees and covers the risks,

helplessness that may be the spouse and minor children,

a person entitled to retirement, regular or special,

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Private insurance:

These are insurance contracts that the insured voluntarily,

to hedge certain risks,

by paying a premium that is at its sole expense.

Besides these features we can say:

Private insurance are realized by issuing a policy.

- The instrument of the insurance contract - in consisting.

the rights and obligations of the insured and insurer.

In our country private insurance are exploited,

mostly by private companies, mutual societies and cooperatives.

But the State, through the National Savings and insurance

It makes various types of insurance. And in some provinces there are official insurers.

According to their private insurance object they can be classified into insurance.

insurance on people and on things.

Insurance on people:

The insurance on persons includes life insurance,

accident insurance and insurance against disease.

In fact, they constitute a single group called life insurance,

as insurance against accidents and illnesses they are but a variant.

of life insurance. Car insurance, car insurance, car insurance for young people.


3. Classification of life insurance,

according to risk cover

Insurance in case of death: In this type of insurance,

the death of the insured,

the insurer pays the beneficiary instituted by him the insurance amount.

For life insurance: These insurance the insurer.

the insured pays the insurance amount,

long live the expiration of a specified period of time.

You can also agreed to pay a regular income while the insured lives,

from a pre-established date.

Mixed insurance: They are a combination of insurance against death and life.

Therefore,

the insurance amount is paid to the beneficiary if the insured,

dies before the contract matures,

and it is delivered to him if survives at that time.

They are covering according to one or more heads

Insurance on a head:

Insurance is paid when the insured person dies.

About two or more heads:

Through this contract ensures the life of two or more persons and insurance,

You are paid when one of them dies in favor of another or others.

Attentive to the number of persons covered by the policy

Individual Insurance:

Are contracts by which a person is secured with a sure death,

life or mixed.

Group Insurance: In these contracts the lives of many people is assured.

The insurance is paid on the death of these, the beneficiaries instituted.

According riders

Insurance riders:

According to these clauses the policy may provide other benefits.

Insurance without riders:

Only those whose policies are expected death insurance, life insurance or mixto.comparar, more secure, cheap, home insurance, car insurance insurance.


4. Insurance on things

Fire insurance: This insurance movable and immovable property are covered,

against the risk of fires.

The insurer indemnifies the insured for the damage,

who had suffered property to be insured because of a fire,

provided of course that this was not intentional.

Hail insurance: Plantations can be very damaged,

with the fall of hail,

this insurance thus provides a service of real value to farmers,

they have their crops insured against this risk.

Compensation is paid only for the damage caused by hail,

regardless of losses that it may have caused the wind lluviaso.

Auto Insurance:

Liability: For damage caused to third parties and damage to these things.

If the owner of the insured automobile,

accidents cause injury or death of another,

the company responds to a certain amount.

The compensation for material damage is smaller.

Fire, accident or theft:

The policy covers the vehicle owner against these risks,

according to the sum insured.

In the case of accident insurance covers damage to the automobile.

Transport insurance: rain can be sea, land and air,

and covers the risks to the transportation,

and the goods transported passengers.

The company compensates the owner of the means of transport,

the damage they may suffer in fulfilling his mission by various accidents,

according to the sum insured.

This insurance also covers damage or injury,

passengers may suffer as a result of transport accidents.

Crystals insurance: This insurance compensation for a person provides,

or company for damages that may lead to his broken glasses,

its business or property.

Theft Insurance: Covers the loss that you may experience a person for theft or thefts.

Credit insurance: Covers the loss which causes him to aperson or company,

the insolvency of their borrowers.

By a certain premium the insurance company agrees to compensate it,

that loss and replaces the actions that can be tried to pursue,

the debt collection.

Insurance employee loyalty: They take companies to cover,

losses they may suffer by infidelity of their employees,

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Source: http://www.monografias.com