Thursday 22 March 2012

HOW INSURANCE WORK


 The locking mechanism is very simple. Payments of compensation many of the losses of a few. Your payments go to a large pool, if you will, to your insurance company. The claims of the few who are paid from the pool. Because there are more people who contribute to the pool being made statements, not always enough to pay claimsindividual claims, even great, like when someone is permanently disabled as a result ofa car accident, or many of the claims smaller ones such as those resulting from a natural-disaster. However, major disasters (like the ice storm) approach to drain the pool.

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