Saturday 25 August 2012

Where are going the insurance premiums?

How insurance companies use the money they receive from you and other policyholders is the source of many misconceptions, widespread and extremely stubborn. For example, some believe that this money stays in the bank until someone makes a claim. Wrong. Others believe that the premiums are payable for claims that have already occurred. It is still true.

Your dollar bonuses after a long journey, but ultimately, they serve primarily to help consumers in different ways. If you have a loss, for example, a portion of your premium and those of other insured will return to you one way or another, which will help you recover.

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