INSURANCE Insurance- is protection against possible ginance losses Insurance premiums- regular payments, that individuals, comp and org can make. Insurance policy- a contract with insurance company. The contract promises that the company will pay if you suffer loss on damage to property , or sickness or personal injury. Insurer- is a insurance company. You make a contract with. Insure against- to protect you from.. . *theft- someone stealing their goods or possessions(omamine, haldus) * damage from fire or other natural disasters (floods, hurricanes, earthquakes) Make a claim- if the property is stolen or damaged, the perso who is isured makes a claim- reguests compensation - from the insurer. Indemnify or compensate- hüvitus- to pay an amount of money equivalent to the loss. Equivalent- võrdväärne
shorter term mortgage years down payment under 15 longer term mortgage percent down payment over 15 reduce monthly percent mortgage payments higher monthly payments increase in home value Pros of private mortage insurance lower down payment protect your lender save money for the things you need Cons of private mortage insurance raises your monthly payment insurer does not take into account difference in risk from one mortgagor (hüpoteekija) How much does it cost? $200,000 loan with a $10,000 down payment mortage insurance $85 a month, or about $1000 a year premiums do not based on individual default risk How to get rid of private mortage insurance? proof of the current value of the home must reduce the loan-to-value ratio(hüpoteeklaenu summa ja laenutagatisena panditud vara väärtuse suhe) to 80% or below
mingite ebaõnnestumistega ning see seobki riski hindamise igasuguse juhtimisega. 22. Kindlustustegevuse olemus: kindlustaja roll kolmanda osapoolena töövõtus Insurance Although the available insurance coverages and the regulations governing insurance vary among different countries, the contractor, in mobilising for the project, will always have to arrange appropriate insurance. An insurance policy is an agreement under which the insurer agrees to assume financial responsibility for a loss or liability covered by the policy. The insurance company has the duty (1) to defend the contractor if a claim covered by the policy is brought against the contractor and (2) to protect the contractor against loss covered by the policy. As consideration for the insurance company's promise to provide such protection, the contractor pays fee, called a premium.
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