What Is The Major Work Of An Insurance Company?

Bisolami

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I know we all must have heard about insurance companies and the major or general knowledge is that they refund people when they lose their property. It depends on what kind of insurance the person does.

It may be health, car, business, life, or any other kind of insurance but my question is how it is done. Do you think the just give their clients money to cover up for loss or what?

From my findings, I know of a friend that insured his car and it got burnt. I realized that insurance companies always investigate the cause of the loss of property before they get a new property for the person.

What else do you know?
 
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