Contracts in the form of a current insurance among certain people's eyes are often seen for certain groups, as a form of gambling. This is because they as a kind of wager that takes place over the duration of the contract, appears. Basically, in an insurance company would be willing to bet that if you and your property will not suffer or experience the losses against the way you want insured. In exchange, insurance, this wager, and a risk, get your bonus. If you win the bet, you keep the premium if they lose, the payment they make. In this sense, it is often compared to a type of long-term financial casino.
Differences in the amount of your premium, and the number of insurance companies, which will need to do the debtor, when the possibility of loss this is the case, just a way for the insurance company will always be to put on a bet. It’s probably as you go to the race track and betting on horses that will be paid, 10-1.
This look at the many forms of insurance has the most number of people, and as well, because there is no similarity caused by a gambling company as communities the same insurance agreement. It is among these groups, which have prevented insurance. Whereas in doing these individuals or specific communities is held to do, create a system with what is known in the community as social security. but whether this means that if there is a disaster, and as good as someone who suffered much heavier losses, then all elements of society is a step forward and as well as help them all, with something to their losses deal making and whether they rebuild. While the system in this case is very simple, in fact, a potential to be as effective as a safety net in the insurance. However, if it does not actually commit to the Community, to the front and as well as helping those who are suffering from the disaster step. If this happens, it means that more success in closed communities and small close-knit than in large modern societies.
Social protection systems are therefore not always effective. Often the community, which, it is supposed to accept, is not suitable. Even in very large disasters, the system as a small community not breaks able to completely unassisted rebuild. For this reason, more modern insurance systems are robust. But in extremely large disasters, modern insurance systems can also run into trouble. This is witnessed by the fact that it is impossible to insure against certain risks, such as floods and earthquakes. That's because of the damage simple to manage on a large scale to be for the insurance companies.
There are other ways in which to not follow the insurance the gambling model. For example, to search for insurance companies to reduce the risk of loss constantly occurring that requires the installation of fire alarm systems, for example, or by a reduction in losses, if the insured by providing rehabilitation, for victims occurs against event, for Example. Therefore, insurance is like gambling in the reward and risk elements, but other elements are different.
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