Ever bought something online? Wrong question! Of course, living in this digital age, it is slightly difficult not to buy online. Even if you are not a consistent online customer, there are a few things you believe should be bought online. The reason being it saves your time and money. Insurance is one of the many things that can be bought online. However, not many people actually indulge in buying insurance online, especially music insurance.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedgeagainst the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraisingand controlling risk, has evolved as a discrete field of study and practice.