Top 5 Most Important Terms Used in the Insurance Business

Insurance is defined like a financial operation which occurs after an insurance contract or through law statements. The insurance company or institution is obliged to compensate a person or another company in exchange for a periodical paid amount of money. Insurances are paid services that take over the obligation of paying for a broken or damaged object or property that takes place from independent reasons of the person which benefits from the insurance.Terms used in the insurance businessThe insurer is the insurance company or institution that sells the insurance, meaning that it takes responsibility for damaged goods or other insured services in exchange for a certain amount of money.The insured is the person, company or institution buying the insurance. The insured is buying the insurance in order to prevent losses due to unexpected events that can happen. He contracts the insurance from the insurer through which he protects certain goods, properties, objects, services or damages that can be provoked to other people.The insurance beneficiary is the designated person that can collect the compensation amount or insured sum, without having any obligations or involvement in the contract.The insurance contract is a legal document through which are settled legal clauses between involved parties. This document comprises other legal documents like the insurance request, the insurance policy and contract conditions for basic insurance together with other possible contractual clauses.The insured risk is an unexpected event that causes certain damages and that obliges the insurer to pay to either the insured or beneficiary the compensation amount settled within the insurance contract.Legal issues of indemnity and damageThe indemnity, compensation or reparation is defined, in legal terms, as a process through which one party that contracted the insurance receives money for any loss covered within contract terms. Sometimes, an indemnity can also be a part of a rescission integrated in a program. In this case, the property is exchanged for an amount of money, while the indemnity is requested only by the innocent party. On the other hand, damages are different because of the law of obligations and should not be mistaken for indemnity.What prevention measures to take with insurance companies?If you want to avoid any unpleasant surprises the ones who buy insurance policies should make sure that they read the contract many times before signing it and understand completely all their conditions and clauses. For example, when you want to buy an insurance policy for your vehicle, you should make sure to check all available options. Not all companies have the same price, nor do they sell the same product. There are major differences between insurances sold by different companies.Some of them don’t cover all loss risks that might be necessary for the future policy holder, thus, make sure you carefully read all covered and uncovered risks before signing your new contract. If you don’t pay attention to this step, you’ll soon find yourself in an unpleasant situation. You should also know that you have the option to ask for the insurance to be extended beyond your country. You can have your vehicle insured when you go away for a trip to a foreign country. You also need to make sure that you can get compensated fast enough if an unfortunate event occurs. Some companies give you your money back 15 days after all necessary documents have been handed over to the insurer.

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Your Top Five Questions About Acupuncture, Answered!

Have you ever considered trying acupuncture for pain relief or wellness? The answer is probably yes. Because Acupuncture has become so popular in the last few years, many people are interested in trying it or have at least been told by a friend to try it.Most people I talk to would consider acupuncture but would like to know a little more about the treatment and how it can benefit them. Here are the top five questions that almost every patient asks before beginning treatment.Does Acupuncture Work?
Yes, acupuncture has worked for centuries and has proven itself over and over again with various conditions. Modern research has demonstrated acupuncture to be effective, and many medical doctors are even referring their patients to acupuncturists for treatment.How Does Acupuncture Work?
Acupuncture helps the body achieve balance by stimulating various points in the body called meridians. The needles are inserted into the meridians to help balance the energy flow called Qi. When proper energy flow and balance are restored, all of the organs and systems function in harmony and the body can then begin to heal itself.What Conditions can Acupuncture Help?
Acupuncture has been successful with many conditions and can also be used in a wellness program to keep the body functioning at it’s best. Some of the most common conditions helped by acupuncture are, back pain, neck pain, knee pain, headaches, plantar fascitis, tennis elbow, neuropathy, radiculopathy, disc problems, fertility, insomnia, TMJ, and many more conditions.Does Acupuncture Hurt?
No, acupuncture does not hurt. The needles used in acupuncture are very fine and cause little or no pain when inserted into the meridians. Many patients, even the most needle phobic, remark that they barely feel a thing and report that they feel more relaxed during the acupuncture session than they remember being in a long time.How Much Does Acupuncture Cost?
Acupuncture is very affordable and usually ranges between $50 and $75 per treatment. The cost depends on duration, number of points stimulated, and if electro-stimulation is used. Many insurance companies even cover the cost of the acupuncture session.Hopefully you have most of your questions about acupuncture answered. If you are ready to give Acupuncture a try I suggest finding a local Acupuncturist and scheduling a free consultation to see if Acupuncture can help you. Remember acupuncture isn’t just for pain relief and symptom care. Acupuncture is a form of wellness care that can help keep your body functioning at its best and stay well!