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	<title>thefurniturehome.com &#187; Family history</title>
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		<title>Summary of the Basis of Insurance</title>
		<link>http://www.thefurniturehome.com/family-history/summary-of-the-basis-of-insurance.html</link>
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		<pubDate>Mon, 10 Nov 2008 22:52:08 +0000</pubDate>
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				<category><![CDATA[Family history]]></category>

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		<description><![CDATA[The real cost of risk to society goes on whether there is ever an actual physical loss or not. Economic fear, which causes an uneconomic allocation of resources, is the real cost.]]></description>
			<content:encoded><![CDATA[Before undertaking the study of insurance, it is necessary to have an understanding of some of the basic terms used in that study.Cer&shy;tain definitions are essential: (1) Riskuncertainty concerning loss; (2) degree of riskthe accuracy with which a given loss can be predicted; (3) chance of lossthe probable number of times in any given number of exposures that loss will occur; (4) perilthat which can cause loss; (5) ...<a href="http://www.thefurniturehome.com/family-history/summary-of-the-basis-of-insurance.html" title="Summary of the Basis of Insurance">Summary of the Basis of Insurance</a></p>]]></content:encoded>
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