WHAT IS INSURANCE?
Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care. Insurer, in economics, is the company that sells the insurance. Insurance rate, the amount charged for a certain value of insurance.

WHAT CAN INSURANCE HELP?
In simple terms, insurance allows someone who suffers a loss or accident to be compensated for the effects of their misfortune. Insurance can help you protect yourself against everyday risks to your health, home, financial situation and all concerned liability. In a matter of protection mechanism, insurance is the only financial recovery as a result of any loss or damage accidentally inccured by or to any person who buys a certain insurance policy in his or her own interests and needs.

WHY TO BUY INSURANCE?
The simplicity of the main reason why people should buy insurance is to protect the absolute financial loss as a result of misfortune from their social and economic activities.

Considering what and which insurance to buy, there are two distinctive interests: Personal and commercial.

• Personal insurance is bought in need of individual and/or family financial loss protection.
• Commercial insurance is bought in need of financial loss protection during a period of business activities.

Thus, buying insurance is the only solutions with peace of mind along the way no matter how for personal interest or commercial interest.

WHAT AND WHICH INSURANCE TO BUY?
According to corporate and individual insurance needs, there are the following options of insurance coverage to be bought in respect of:

• Motor Vehicle Insurance: For Personal/Individual Vehicle and Commercial Vehicle, etc.
• Fire Insurance: For Individual home interest and corporate interest.
• Engineering Insurance: For Contractor All Risks, Industrial All Risks, etc.
• Marine Insurance: Cargo and Hull.
• Miscellaneous Insurance: For Personal Accident, Travel Insurance, Group Personal Accident, Health Insurance, Group Health Insurance, etc.

WHERE TO BUY?
It is as simple and easy as that you can get any general insurance of your needs from any preferential local insurance companies as shown below:

• Asia Insurance (Cambodia) Plc.
  No. 5, St. 13, (Next to the Central Post Office)
  Sangkat Wat Phnom, Khan Daun Penh,
  Phnom Penh, 122201, Kingdom of Cambodia.
  Tel: (855) 023 427 981
  Fax: (855) 023 261 969
  Email: email@asiainsurance.com.kh and helpdesk@asiainsurance.com.kh
  Website: www.asiainsurance.com.kh
• CAMINCO (Cambodian National Insurance Company)
  Corner St. 13&106, Sangkat Wat Phnom, Khan Daun Penh,
  Phnom Penh, Kingdom of Cambodia.
  Tel: (855) 023 722 043/224 734
  Fax: (855) 023 427 810
  Email: sale@caominco.com.kh and caminco@caminco.com.kh
  Website: www.caminco.com.kh
• Forte Insurance (Cambodia) Plc.
  325, Mao Tse Tong Blvd,
  Phnom Penh, Kingdom of Cambodia.
  Tel: (855) 023 885 066/077
  Fax: (855) 023 982 907
  Email: info@forteinsurance.com
  Website: www.forteinsurance.com
• Infinity General Insurance Plc.
  No. 126, Norodom Blvd.,
  Phnom Penh, Kingdom of Cambodia.
  Tel: (855) 023 999 888
  Fax: (855) 023 999 123
  Claims: Tel: 092 800 800
  Customer Service: Tel: 012 800 001
  Email: cs@infinity.com.kh or claims@infinity.com.kh
  Website: www.infinityinsurance.com.kh
• CAMPUBANK LONPAC INSURANCE PLC. Plc.
  No. 112D, Monivong Blvd.,
  Phnom Penh, Kingdom of Cambodia.
  Tel: (855) 023 986 313 / 986 279 / 998 200
  

DON'T BUY INSURANCE YOU DON'T NEED
One important way to reduce your overall insurance costs is to avoid purchasing insurance policies that you do not need. The list of policies which one may not need will be different for everyone because of the differences in individual risk.

For example:

• Someone who does not own a home would not need to purchase a homeowners policy because there is no risk to them of losing their home.
• Someone would not need to buy a motor insurance policy for his or her rented vehicle as there is no risk for his/her beneficial advantage associated in a matter of loss of and damage to the rented vehicle.

The above examples are obvious, but there are times when one's risk is very small and suffering the consequences of the loss is a better risk than purchasing a policy.