Why Insurance?

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. As the borrower may violate the terms of the contract, they know everything. During these six months, we can all think carefully and make the final decision, is it advantageous to accept the inheritance with all debts or to abandon it and focus on paying their own loans. If the property was bequeathed to minors, the decision will be for them to take the parents or official guardians. In any case, until he attains the age of majority. However, in fairness it should be noted the fact that people are having and older age, are not always able to boast of prudence. The non-payment of debt, late payments can be a substantial reason for the cancellation of the credit agreement. As a result, the client might get the feeling that he cheated, but it will not be so. Unfortunately, justice is not a legal concept that what is called "the matter will not sew." Another example is when a borrower cannot demand cancellation of the contract, although such a desire it occurs and relates to floating interest rates. Financial institution, in turn, may be a kind of indicator of the reliability of the developer, because of serious financial institutions are ready to cooperate only with honest, reputable and successful construction companies. It's a dark, gangster and totally unfair scheme. It is obvious that the refusal of the inheritance in favor of third parties to transferred liabilities and the payment of the loan.