how does insurance work??

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how does insurance work??

Postby kfxnando » Wed Nov 10, 2010 8:34 am

could we pls get an explanation on how insurance works???

we pay money and pay money, what happens to all that money?? :twisted:
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kfxnando
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Re: how does insurance work??

Postby brutegirl » Sun Nov 21, 2010 5:33 pm

All the premiums you pay goes in a big piggy bank, and out of those piggy bank the claims of the clients get payed. And if we see the piggy bank gets lower, we have a premium increase, thats why its so important that you make sure you friend do not put in a fraud claim, as on the end it do influence your pocket aswell.

:geek: :geek:
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