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what is difference between"assurance"and "insurance",Thank you!
11. Okt 2016 00:46
Answers · 5
Assurance is some form of a guarantee and insurance is a guarantee of compensation.
11. Oktober 2016
In most common settings, we assure someone to put their mind at ease so they won't worry. We insure a person or thing by buying an insurance policy on them that will pay us money about their death/destruction. He assured his mother that he wouldn't do anything dangerous. His mother didn't feel assured (didn't believe him) and insured him with a $1 million insurance policy. He was not assured by his mother's lack of confidence in his ability to stay out of danger.
11. Oktober 2016
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