Law of Insurance: The Students' Companion and Citizens' Manual

Generally speaking, no sane or rational human being would wish for himself or pray for calamities which brings about adverse changes to status regarding properties already acquired; however, this could arise from losses such as death, accident, fire, burglary etc. or other natural causes like typhoons, floods, tornadoes, earthquakes or tsunamis; these events are definitely beyond the control of human beings, yet, they are part and parcel of life. Insurance is the means by which provisions are made in advance to mitigate the consequences of losses, which are part of life. Stated in another way, insurance is a ready tool that could be used as an instrument to cushion the effect of losses which are incidental to life because it provides financial protection against losses arising out of happening of uncertain events. This text is written to meet the need of students in universities, other tertiary institutions and professionals offering Insurance Law as well as the needs of all citizens who respectively owe responsibilities for life insurance for themselves and their families and for all owners of properties, whether tangible or intangible that is capable of being insured.