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MY Insurance Agency
What is Insurance?
In a nutshell, insurance is risk sharing. It is the sharing of fortuitous
losses by transferring certain risks to insurers, who agree to indemnify
insureds, and to provide other pecuniary benefits, for losses arise from
certain occurrence. Ancient Chinese merchants sailing their cargoes
down rivers a thousand years ago had applied the same principle by
placing a portion of their merchandise on each of a number of boats,
instead of entrusting their entire fortune to their own boat.
Insurance should never be the only measure to protect against loss. In
fact, it should be the last phase of a broad area of loss preventive
measures, after steps such as risk identification, risk avoidance, etc. In
all insurance agreements, insurance carriers expect insureds to
exercise basic, common sense risk management as a condition to
providing coverage.
In a nutshell, insurance is risk sharing. It is the sharing of fortuitous
losses by transferring certain risks to insurers, who agree to indemnify
insureds, and to provide other pecuniary benefits, for losses arise from
certain occurrence. Ancient Chinese merchants sailing their cargoes
down rivers a thousand years ago had applied the same principle by
placing a portion of their merchandise on each of a number of boats,
instead of entrusting their entire fortune to their own boat.
Insurance should never be the only measure to protect against loss. In
fact, it should be the last phase of a broad area of loss preventive
measures, after steps such as risk identification, risk avoidance, etc. In
all insurance agreements, insurance carriers expect insureds to
exercise basic, common sense risk management as a condition to
providing coverage.
Why use Insurance?
The purpose of insurance is to restore an accident victim back to the
condition prior to the hazardous occurrence, and to offer him the peace
of mind knowing he would be made whole should an accident occur.
We have a strong desire for financial protection against unforeseeable
accidents that threaten our family's financial security. Although many
risks cannot be insured against, modern insurance, when purchased
adequately, can protect against most of the risks we face on a daily
basis.
The purpose of insurance is to restore an accident victim back to the
condition prior to the hazardous occurrence, and to offer him the peace
of mind knowing he would be made whole should an accident occur.
We have a strong desire for financial protection against unforeseeable
accidents that threaten our family's financial security. Although many
risks cannot be insured against, modern insurance, when purchased
adequately, can protect against most of the risks we face on a daily
basis.
What type of risks are insurable?
We have a strong desire for financial protection against unforeseeable
accidents that threaten our family's financial security. Although many
risks cannot be insured against, modern insurance, when purchased
adequately, can protect against most of the risks we face on a daily
basis. As a rule of thumb, speculative or dynamic risks are not
insurable, while almost all insurance products available today insure
against pure or static risks.
We have a strong desire for financial protection against unforeseeable
accidents that threaten our family's financial security. Although many
risks cannot be insured against, modern insurance, when purchased
adequately, can protect against most of the risks we face on a daily
basis. As a rule of thumb, speculative or dynamic risks are not
insurable, while almost all insurance products available today insure
against pure or static risks.
About MY Insurance Agency
Located in Queens, MY Insurance Agency has
been helping to provide coverage protection to
consumers and business owners since 1994. We
specialize in all types of business and personal
insurance.
To contact us;
MY Insurance Agency
16003 Horace Harding Expressway
Fresh Meadows, NY 11365
(718)445-9002
info@NYS-Insurance.com
Located in Queens, MY Insurance Agency has
been helping to provide coverage protection to
consumers and business owners since 1994. We
specialize in all types of business and personal
insurance.
To contact us;
MY Insurance Agency
16003 Horace Harding Expressway
Fresh Meadows, NY 11365
(718)445-9002
info@NYS-Insurance.com
Copyright 2008 MY Insurance Agency. All rights reserved.