Insurance is an operation by which a person( the insurer) undertakes to give a service, under an insurance contract, for the benefit of another existent( the insured) upon the circumstance of a threat and subject to the payment of a donation or a decoration. The threat constitutes the object of the insurance. An insured takes out insurance to cover himself against dangerous events( illness, fire, theft, death,etc.) or against the pitfalls associated with certain objects he owns( auto, home,etc.).