INSURANCE

Insurance is mean here is the credit guarantee insurance, which th the field of general insurence (general asurance). Included in this type of insurance (fire), sea freight (marine) and motor vehicles (motor vehicle).

Insurance is a legal raltionship between the insured (the debtor/customer.insured/assured) the customers of the risk that might occur with the underwrite (bank/company/insurer/under writers) that the party receiving the coverage, the resulting rights and obligations. The pupose of insurance in to minimize the risk.

To facilitate understanding of the insurance referred toherein, is useful to consider first the example below. If the debtor (the peson who borrowed) do defaults (default) intentional or not. If this happens, the bank sought to give borrowers the right to obtain repayment of bank debt from the collateral, in the event of default, to hold a binding juridical via credit agreement. Bank collateral securing not only a juridical (legal) but also physically. Well..the company that handles the physical risk of the collaeral that is what is called the insurance company.
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