auto: Self Insurance
- 12/15/08 03:44 PM
Maybe your insurance agent has used this term with you, but most people are not entirely clear on what it means. Self-insurance is a pretty simple idea, but it's also an important one to understand. Self insurance is when a person or a business accepts the risk of financial loss and depends on savings or statistics to safeguard them. If you've ever suffered a loss, whether you were covered for it or not, this may sound like a pretty scary - or a pretty foolish idea. It doesn't have to be. We all self-insure against certain risks every … (1 comments)
Maybe your insurance agent has used this term with you, but most people are not entirely clear on what it means. Self-insurance is a pretty simple idea, but it's also an important one to understand.;)
;)
