Short Term Insurance in short, is the protection against loss. It is a form of risk management. The risk is hedged against an uncertain loss.
A premium is asked by the insurer for taking on the risk. The amount of the premium for your Short Term Insurance depends on the risk involved. The risk is determined, and a premium is worked out.
The insured receives an insurance policy. This Short Term Insurance policy details the terms and conditions of the agreement.
In case of an loss, or unexpected event, the insurer compensates the client.
To find out what Short Term Insurance will work for you contact Riskfin today!