Someone once said the only things in life that are for sure are death and taxes. This is not totally true. There is one more thing that is for sure – change. If you look around, you will see we live in an ever-changing society.
In order to cope and live with what the world has to offer, a person has to recognize the ever changing forces. Because no one has the gift of divine knowing what will happen next, one must protect oneself by preparing for the worst possible consequences the world has to offer.
To be assured against these unpredictable phenomena, insurance was invented. Insurance comes in the form of policies and covers almost every conceivable risk, peril or event. These policies are classified by risk with the specifications and coverage detailed in the body of the insurance policy.