Insurance is a very powerful tool used to leverage the risk. It is a very good approach to always insure against unforeseen conditions.
Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium.
Insurance is a very simple tool and one has to give importance to it. I was thinking about it lately due to my friend, as he was telling me that it was good for him since he had a health insurance which covered him and his parents and when his mom was ill it helped him. There are various insurances for the needs of the people. I am not getting into the details of it. All that I want to emphasize is that it is good to have one and to make you think in those lines as to why insurance is needed or is it really worth it? Continue reading
Engineer's Finance 