Insurance is a type of contract through which an insurance company undertakes, or in this case, is obliged to cover or indemnify because of the damage caused by an event, but for this it is necessary that the beneficiary carry out the payment of a premium, which can be paid in installments or in a single payment. It is important to note that for the insurer to take charge of the compensation it is necessary that the event has occurred within the established limits.
There are a series of elements that intervene in the contract, in the first place, there is the figure of the insurer, this being represented by the insurance company that is the organization responsible for offering coverage in case of an accident, in second place is the The policyholder, being the owner of the insurance policy and solely responsible for the payment of the corresponding fee, in third place is the insured, who is the person who is insured or, failing that, their interests or owners, as well as the beneficiary, who will be the person who will receive the corresponding compensation in the event that the insured has died. It is important to mention that not in all cases the three figures mentioned above must be the sameperson, that is, they can all be different.
In the same way, it is normal for those people who have one or more vehicles to have auto insurance, this is because thanks to this document and the payment of the corresponding fees that they must pay periodically, the person has the guarantee that You will receive a payment for material disasters that the insured car may suffer due to an accident or any other event.
Within mathematics, insurance is seen as a way to transform the risks to which an individual is subjected, into bearable probabilities through an organization, that is why insurance is positioned as an important piece within what is current structure of societies. In society, insurance has two important manifestations, the first of which is social security, a name given to a mandatory coverage system that is directed by the state and whose objective is to provide well-being and protection to the citizens of a country, and that generally guarantees an economic benefit in the event of death, retirement, unemployment andincapacity for work. The second manifestation of which mention was made are private insurance, designed to cover and protect what its services hire.
