Insurance - Fuskal

5 Advantages and 4 Disadvantages of Fire Insurance Policy [Explained]

Advantages and Disadvantages of Fire Insurance One of the advantages you can enjoy from your fire insurance policy is that protection for your properties from fire. And, one of its disadvantages is that it can be costly. Let’s understand the main advantages and disadvantages of fire insurance policies. Advantages of Fire Insurance Policy The following […]

5 Advantages and 4 Disadvantages of Fire Insurance Policy [Explained] Read More »

The 14 Key Elements of an Insurance Contract [Explained]

Leave a Comment / Insurance / Mehesh

Elements of an Insurance Contract Insurance is a device that is meant to mitigate or minimize risks. An insurance contract is made up of its different elements. To make the insurance contract valid, a number of its components need to be included. Let’s mention the 14 main elements of insurance contracts. Offer and Acceptance The

The 14 Key Elements of an Insurance Contract [Explained] Read More »

The 7 Major Principles of Insurance Contract [Explained]

Leave a Comment / Insurance / Mehesh

Principles of Insurance Insurance is a legal contract between the insurer (insurance company) and the insured (policyholder i.e. individual or a business). Understanding the principles of insurance and how these principles work can be beneficial for you in deciding whether or not you need the insurance contract or not. Further, these principles let you decide

The 7 Major Principles of Insurance Contract [Explained] Read More »

6 Requirements Of An Insurance Contract [Explained]

Leave a Comment / Insurance / Mehesh

Requirements of Insurance Contract Insurance companies normally insure only pure risks but all risks are not insurable. For insurance certain requirements must be fulfilled before a pure risk can be insured. From the insurer i.e. insurance company point of view, there are usually six requirements or essentials of the insurance contract. They are mentioned below:

6 Requirements Of An Insurance Contract [Explained] Read More »

6 Pros and 4 Cons of an Insurance Contract [Explained]

Leave a Comment / Insurance / Mehesh

Pros and Cons of Insurance Contract Insurance is a risk management device that protects businesses as well as people from financial losses. The following are the main advantages and disadvantages or pros and cons of insurance contracts. Advantages/Pros of Insurance Provides Financial Security An insurance contract is a way to protect yourself and your loved

6 Pros and 4 Cons of an Insurance Contract [Explained] Read More »

What is Life Insurance Policy? Definition, Types, Benefits, and Examples

Leave a Comment / Insurance / Mehesh

Life is unpredictable. Tomorrow what will happen, no one can predict exactly. As such, people to reduce the uncertainties from the coming future tend to buy life insurance policies. So, what is a life insurance policy, what are its benefits, let’s discuss. What is Life Insurance? Life insurance is a contract between the policyholder and

What is Life Insurance Policy? Definition, Types, Benefits, and Examples Read More »