0ryuge (@0ryuge)

What is insurance?

What is insurance? Insurance is a contract between an individual (the policyholder) and an insurance company. This contract provides that the insurance company will cover some portion of a policyholder’s loss as long as the policyholder meets certain conditions stipulated in the insurance contract. The policyholder pays a premium to obtain insurance coverage. If the policyholder experiences a loss covered by insurance, such as a car accident or a house fire, the policyholder files a claim for reimbursement with the insurance company. The policyholder will pay a deductible to cover part of the loss, and the insurance company will pay the rest.

When you buy an insurance policy, you’re pooling your loss risk with the loss risk of everyone else who has purchased insurance from the same company. If you get your homeowners insurance from State Farm, which sells far more homeowners insurance policies than any of its competitors, you’re joining forces with millions of other homeowners to collectively protect each other against loss. Each homeowner pays annual premiums; State Farm collected more than $39.593 billion in earned premiums in 2016, according to its annual report.


Translation: "Occasionally my commitment to conservative principles backs me into a corner where I feel compelled t… https://t.co/xLT8xkdLiD
But if we light up our country, it'll become clear that Democrats were behind the Steele dossier/collusion hoax, an… https://t.co/cFHsLgte3u
RT @CHIZMAGA: Joe Biden says his dead son was the Attorney General of the United States. LOL what? 🤣🤣🤣 https://t.co/L6isHgSGN3
RT @PartymanRandy: As I’ve said before: working for CNN is like working at Disney World. Under no circumstances are you to break character.…
RT @PartymanRandy: No, no, I think cable news pretty well has their finger on the pulse. Voters care about Ukrainian something or other and…
RT @AGHamilton29: Btw the schmucks who spent the last 2 years loudly declaring they will support any Dem should think about the incentives…
RT @seanmdav: It won’t be nearly as entertaining as watching NeverTrumpaloos declare that Principled Conservatism requires a vote for a 78-…
RT @JohnEkdahl: 2016: "Republicans aren't listening to me!" 2017-2019: "I'm taking two years to switch parties" 2020: "Democrats aren't lis…
RT @bone_crudmeal: @0ryuge MSM thought they had the national temperature in 2016 when actually they were checking their own prostate.
@bone_crudmeal 🤣🤣🤣 And some of those 'journalists' have yet to realize it. https://t.co/anzP29ydhF
This would do *infinitely* more to address the fake news/ journalistic hackery problem than the usual "let's have p… https://t.co/hndjcunYlK
@pirate_knight Democrats said *exactly* the same about Dubya & about Reagan. It doesn't help the credibility of the… https://t.co/gvSuFl54aZ

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