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  Definition of Insurance: Elements, Functions, and Types What is insurance?  It seems we are no stranger to hearing the word insurance.  Unfortunately, this word has a negative connotation.  Especially when we hear the word insurance agent, we will tend to avoid. However, sometimes we avoid what we don't understand.  So, what exactly is insurance?  Come on, see the meaning of insurance, its functions, along with examples below! Definition of Insurance Insurance is a form of agreement between two parties, namely the Insured and the Insurer, in which the Insured pays a contribution to the Insurer in order to obtain a form of compensation for financial risks that may occur unexpectedly. In the context of a modern world, the Insurer means the existing insurance company, while the Insured is the customer. Definition of insurance according to experts According to the Law of the Republic of Indonesia No.  40 of 2014 concerning Insurance: “Insurance is an agr...

  7 Tips for Choosing the Right Best Car Insurance Car insurance should be owned by every owner.  Given that a car is an object with a fairly high value, you need to protect it from various losses. Car insurance itself is an agreement document between a customer and an insurance company to pay premiums within a set period of time. In this case, the insurance company is obliged to pay the customer's rights in accordance with the mutually agreed agreement.  As a customer, what you will get is protection for the car you own.  Also read:  Tips for Buying a Used Car Online, How do you do it? That is why, it is highly recommended to have car insurance, the point is not to bear the risk of car damage alone. Well, when buying car insurance should not be done rashly.  Remember, there are premiums that must be paid regularly.  Adjust to your abilities and needs.  In addition, make sure you choose the right insurance company.  Here are tips for choosing...