Insurance

Insurance in the economy up method available to a specialized institution, usually a joint stock company, an insurance fund consists of insurance contributions or, as they are called, on account of insurance premiums paid by individuals or companies. Fund is intended to cover up damage arising either due to natural disasters or accidents, as well as future events unpredictable aspect.
Insurance is a legal aspect ratio of a person or entity named insured and another person, called the insurer, as a general rule of insurance institution, which undertakes, in exchange for collecting an insurance premium from the insured, to pay the insured or another person a certain amount of money in case of pre-established phenomena or events.

We know several categories of insurance: life insurance, fire insurance, accident insurance, travel insurance, unemployment insurance, various insurance.