Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
It should be noted the fact that the number of Bank and non-Bank financial institutions ready to provide its clients with cash now number in the thousands and all such organizations, according to advertising slogans and avenues, only exclusive, profitable and reliable credit conditions. After 14 to 18 years and the decision on acceptance of the inheritance and, accordingly, obligations for the payment of the loan, the heir will be considered together with the guardians. As the borrower may violate the terms of the contract, they know everything. However, should not be confused incomplete payment of borrowed funds with a single payment, which is still practiced by some banks. However, among creditman are present and those citizens who have seen the Soviet power, with its queues, coupons and deficiencies of essential household goods. That is, the borrower will have to pay 10 Grand to get funds. As practice shows, in anticipation of the holiday euphoria people try to do everything faster than usual, which is why few of us can detect in interest-free loans huge fees or existence insurance policies. Additionally, if the dawn of the Russian lending financial institution demanded payment of the potential borrower even when obtaining commercial loans initial contributions, to date, this nuance will be relevant only when taking out a mortgage and car loan, and even then not in all cases. The result is that it takes the Bank has 90 thousand rubles, but still have 100 thousand. Such is the irony. When it comes to the apartment bought on a mortgage, the heirs to repay the loan jointly, in proportion to the share they received.