Watchful in the face of road conditions

There are various ways to care for your car, such as by using some product maintenance or bring it to the garage for inspection periodically. However, these activities would likely require an additional fee.

Car Treatment is like growing your body, you are required to also do a preventive for your car. One way to raise awareness of road conditions. Our Behaviour when passing the street can affect the performance of the car. Therefore, please observe the following.

Bend. In the face of the bend when the car speed, traction or traction tires are required precisely because of drastically reduced tire work harder to gain traction. Things you should do is put the brakes as hard as possible without tires locked. Then, lower the steering gear before starting deflected so that the maximum traction tires.

Sleep police. There is a need to be aware when passing police sleep because it will affect the brakes and a traction on the car frame. You should reduce speed and pass bump in the upright position. Do the brakes as hard as possible without locking the tires to near objects. Once the speed is reduced, the brake is released immediately and let the car pass through so that the brakes did not receive any load.

Stagnant water. Reduce the speed of the car at the time of passing through a puddle of water because it will reduce traction (traction) tires. If still possible, you should avoid standing water for fear of inundation depth can be dangerous. Be careful driving in wet conditions, especially in keeping a distance with other vehicles to avoid pileup. Do not forget to use a low speed when turning.

Slippery roads. In general, oil spill or make its way into slippery mud. This is very dangerous because it can eliminate the traction tires so the vehicle difficult to control, in fact, not uncommon to make the car skid. You should still pass, but with the upright position with a low speed.

Understanding and explanation of moral hazard within the scope of insurance

There's an interesting thing when I read a book called the fundamentals of insurance works of Drs. A. Salim Abbas. He wrote these words on his book ie morale and hazard. At first glance I thought what is the meaning of the word. Hazard is usually identical to the objects of toxic and dangerous. While morale is identical with the meaning of one's mental. However, after I read was very much different than what I thought. These include an explanation of the hazard as well as opening our initial conversation about the morale hazard within the scope of insurance.

Before entering what is the meaning and intent of the word morale hazard, let us first discuss in detail what the hazard. The technical term insurance, Peril, which means everything that could result in losses. While the hazard is a situation that adds to the possibility of peril, or hazard itself is a situation where it would boost the probability of losses stemming from peril. Hazard itself divided over:

• Physical Hazard. That is a physical hazard and an element of objectivity. For example: physical damage due to fire, collision, and a wide range of events that can cause physical damage.
• Morale Hazard. Hazard that is related to a person and contains a subjective element. For example, someone intentionally slammed car into a tree in order to receive compensation from the insurer.

Image from http://google.com/imghp

In this article we will talk more about the morale hazard. If viewed as a physical hazard of understanding can we ingest because that name will provide warranty insurance to the insured when exposed to loss by accident, especially in terms of physical damage. So morale hazard would be more interesting because it brought about a lack of caution that will cause harm to it. For example, when we are on the way suddenly turned the other way and when it is driven by the vehicle will go faster and will result in an accident. Such action may result in losses for the insured. Due to the risk factor in the loss of morale hazard, the hazard insurance experts divide into two types of categories.

A. Personal Risk and Risk Families. 

Risks that exist on the scope of cloning and the family is a risk of loss of income and property. Loss of revenue due to the events that lead to loss of revenue that can cause life to be difficult because of the financial factor. While the objects usually belong to the property. These include:

 
Loss of income. A person or family could lose revenue due to:

• Mortality. Loss of revenue caused the death of a person or family in particular.
• Permanent disability. When a person experiences events that caused permanent disability then he will not be able again to find the optimal income due to disability or even expelled.
• Temporary disability. For the time being unable to earn a living because of illness.
• Unemployment. A person who is unemployed resulted in loss of income.

Property losses. Property loss is a loss that resulted in all the objects that become the property of a person or family becomes unusable. Milli constitutional rights can be caused by:
Natural disasters, fraud, forgery handwriting, Robbery and Theft, Impact melee.

B. Company risk.  

Of a risk accepted by the company with a different result. All these factors are capable of inflicting damage against the company as well known as morale hazard. Risks faced by the company consists of:

1. Perils of transportation of goods on land-sea. Losses that occur during transport of goods on land or at sea. Generally covered by Marine Cargo Insurance. As for the ocean freight insurance identical to Marine Insurance.
2. Hail (Hot Wind), Frost (low air) and other cases of damage to crops. Examples are found only in developed countries who have incomes in the plantation sector and agriculture. In the developing countries have not been very visible presence of the insurance field, it is no insurance agricultural insurance such as sugar cane.
3. Dishonesty of employees. These losses are caused by company employees who may be deliberately doing things that are criminal to the company. such cases of corruption, ran the company money, and embezzlement.
4. Failure to fulfill the contract. Contractor must meet a contract. If work is not finished on time then the company's request for compensation on insurance companies. Integration with insurance will pay a certain percentage.
5. The strike, causing losses to the company. Losses incurred due to loss of income and property can be insured. For a person or family who run the risk of loss of income, can be reduced by insurance. Example:Mortality risk due to individual and family, people are trying to cover this risk by purchasing insurance.
6. Incapable Permanently. It concludes with sickness or accident insurance. Similarly, the temporary disability may be covered by sickness insurance. Unemployment. In the event of unemployment insurance coverage is usually guaranteed by the State. This is a risk of government, in countries that have been developed. The property insured with insurance or public insurance.

So, morale hazard is a term that has a very long if we have described again by insurance factors. Morale hazard to the reference material in the insurance holders did transaction to satisfy the insurance is purchased.

Reference: Dasar-dasar Asuransi karya Drs. A. Abbas Salim

Insurance losses and risks, understanding and classification

Insurance of losses is insurance provided by insurance companies to policyholders (both groups / companies and individuals) which aims to guarantee the losses caused by loss factors. The loss factor can be derived from a natural disaster, fire, theft, insurance sparks, etc..

In the division of insurance in the previous article "Social security, free from the government?", we consider the more general insurance toward voluntary insurance. This does not mean that social security should not we understand, but instead of social security is closely related to the so-called insurance. In line with this that, the development of economic structures in various parts of the world these days leaves a deep pain to the workers or employees who are not all of them receive social security or insurance.

 

At the beginning of this article has discussed that, given the loss of insurance in the event of a loss caused by certain factors. Of course, such losses may arise in the future then be the responsibility of the insurance company. So the risk or loss that may arise is no longer a burden on the policyholder's insurance company but a burden. Now where lies the risk and the possible risks and losses we suffered in the days to come within the scope of insurance.

Risk. Risk is a danger, a result or consequence that may occur due to an ongoing process or event to come. In insurance, risk can be defined as a situation of uncertainty, in which case an undesirable situation can cause a loss (Wikipedia.org).

In line with the opinion of Mr. Abbas Salim, he wrote in his book about understanding risk. Risk is uncertainty or uncertainty that may give rise to a loss (loss). Then he adds the elements of uncertainty in the form:   

Economic uncertainty. Ie events that arise as a result of changing consumer attitudes, for example changes in consumer tastes or interests, or a change in price, technology, or gets a new discovery, etc..

Uncertainties caused by nature. Such as fires, hurricanes, typhoons, floods and others.  

Uncertainty caused by human behavior. Such as wars, theft, robbery, and murder.

The third type of uncertainty at the top, which can be insured is the natural and human uncertainty. While the former can not be insured because it is speculative because of the economic elements that are fluctuating and difficult to measure its severity. He also added regarding the classification of risk in order to differentiate the levels of insurance in terms of risks.

Speculative risks, ie risks that could bring in speculative losses or profits. Example: The merchant will sell a profit and loss.

Pure risks, ie risks that are always causing harm. Example: An insurance company operating in the field of pure risks such as death, fire and accident).

Many methods have been sought by many people to make a decent life. As we know that, any way we choose to have each of the risks we face. The only solution to solve the problem early is "Facing the problem itself". Therefore, do not you think that how to avoid the risk? But think how do I manage all the risks involved?

Understanding insurance and general insurance classification

Insurance is an action taken by the people to anticipate the losses are non-material and material in carrying out a life. Insurance is also a mutually beneficial business between a person with the person providing the insurance. Insurance is also provided a financial advantage, just look at a variety of advertising in print and electronic media, insurance ads have been circulating everywhere. It encouraged the existence of a feeling of doubt as to the existence of capital in anticipation of losses in the future.

Wikipedia itself writes, insurance is a term used to refer to the actions, systems, or business where the financial protection (or financial compensation) to people, property, health and so forth to get reimbursement from the events that can not be expected to occur such as death, loss, damage or illness, which involves the payment of premiums on a regular basis within a specified period in exchange for a policy that ensures protection.

Similarly with Drs. Salim Abbas in his book titled "Principle of Insurance " said Insurance is a willingness to establish small losses (less) which is definitely in place of large losses is uncertain. We can see that, the statement Drs. Salim Abbas gives an image of human life that can not be predicted and confirmed what happened, as is often said to people, the future is a mystery so we are not able to clearly predict.

 
Principle of Insurance at the present time not only as a social security of our future, the role of insurance is offered by several insurance companies in the world even adding a savings feature (like a bank) that is integrated into the insurance service. So, if we are insured, of course we will pay a premium. However, not all of the premiums paid to insurance companies as social security but also as a savings or money in the future, where we can withdraw them in time which will depending on the agreement between the company with the insurance policyholders.

However, did you know where the actual services performed by the insurance company at first? Is the only life and health insurance services are always provided by the insurance company? So, it turns out there is a wide range of insurance services provided to consumers, the following classification:

 
Insurance (General Insurance). That is about the property, fire, and others. More precisely the property lost or damaged due to natural disasters, human hands that are directly or indirectly.
Varia Insurance (Marine Insurance). Which is an accident insurance, car insurance and theft. Often we look at the means of public transportation on kecelekaan insurance.

Life Insurance (Life Insurance), insurance is intended for consumers concerning the soul and life of the policyholder. This insurance is usually addressed by a consumer concerning the death, illness, and disability.
 

Meanwhile, an expert said in his book entitled "General Insurance" provides a classification of insurance that can be said to be different than the previous insurance classification. John H. Magee is the expert's name, and the following explanation:

Social Security. Social security is compulsory insurance, because that every man or the resident must have it. Aims to guarantee that each one has a guarantee for old age. This form is executed by force, for example by cutting a percentage of salaries every month. Another example is, social security if someone has fallen ill, accidents and so forth.

Voluntary Insurance. Form of insurance is run by volunteers, so it is not by force such as social security. This form of insurance that we often see in a wide range of print and electronic media. So, every person can or can not have this voluntary insurance. The voluntary insurance is divided into two categories:

1. Government Insurance. Insurance is run by Government or State, for example, social security granted to civil servants.
2. Commercial Insurance. Insurance is intended to protect a person / family / company from the risks that could cause harm. The purpose here of course the insurance companies in the commercial terms and with a pattern of mutual benefit. In general, this type of insurance is divided into two large portion is in the form of Life Insurance and General Insurance.