Amy (@Amy)

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.


I made a lot of big changes last year: ✅ Became a VC ✅ Had a 👶 🚫Ran for president Friendly PSA to please direct a… https://t.co/E8FT95YS58
Before I met @hari_arul and @amichellerees, I had no idea how much the US spent on fall-related injuries (over $50B… https://t.co/NDIfKAmtlM
RT @patrickc: Improving access to opportunity and supporting geographic mobility are among the world's biggest challenges. We're running a…
Great (long 😉) thread by on the usefulness of running *pre*mortems before big product launches (applicable to other… https://t.co/Ha1EcvhN79
@sm This is what Brella is working on! (Launched in LA, hopefully coming to SF soon) https://t.co/No3Z4fczhD
@EmilyFoat @TwitterAU Amazing, congrats Em! Though you’ve been part of the Twitter fam for more like 7 years 😉
@annarchyy @Matt_Heiman I can’t tell if @Matt_Heiman is joking or if he just really doesn’t recognize our (non-Twit… https://t.co/78t1afPnjV
@elizabeth @kevinweil Go E! So excited for you. 🙌💪🏃‍♀️
Love @onepeloton's Year in Review: https://t.co/0s7W6jfXYJ Pretty astounding that 72M workouts were completed by… https://t.co/5uJywJeE4l
Bonnes fêtes de Paris ! https://t.co/iILorEVcwL
Bonnes fêtes de Paris ! https://t.co/iILorEVcwL
Congrats @KatieS! So excited for you and all of the lucky founders who'll get to partner with you. https://t.co/rStCImJ5zu
Congrats @KatieS! So excited for you and all of the lucky founders who'll get to partner with you. https://t.co/rStCImJ5zu
I frequently talk to @Stanford undergrads and @StanfordGSB students asking for advice on how to break into tech. I… https://t.co/1uXM0j9anl
I frequently talk to @Stanford undergrads and @StanfordGSB students asking for advice on how to break into tech. I… https://t.co/1uXM0j9anl
@aunder Are we totally screwed if Charlotte’s favorite lamb lovey is monogrammed? 😬
@aunder Are we totally screwed if Charlotte’s favorite lamb lovey is monogrammed? 😬
As usual, @benthompson's analysis of FB's recent data portability announcement is excellent--it all comes down to p… https://t.co/e8dBlcGyvG
As usual, @benthompson's analysis of FB's recent data portability announcement is excellent--it all comes down to p… https://t.co/e8dBlcGyvG
Happy to be partnering with Kerry, Anna, and the team at Searchlight! Love how they’re making it easier for fast gr… https://t.co/OQ0Vxu9x6E
Happy to be partnering with Kerry, Anna, and the team at Searchlight! Love how they’re making it easier for fast gr… https://t.co/OQ0Vxu9x6E
As more and more companies shift to partially or fully distributed teams, remote work is accelerating quickly. This… https://t.co/ZzcEWt9MrV
As more and more companies shift to partially or fully distributed teams, remote work is accelerating quickly. This… https://t.co/ZzcEWt9MrV
@ashleymayer The Barbary is the best for solo dining!
@ashleymayer The Barbary is the best for solo dining!
Hearing from unicorn founders (@zatlyn @EmilyWWeiss @juliahartz) with the VC who first coined the term (@aileenlee)… https://t.co/VHAoUxAb49
Hearing from unicorn founders (@zatlyn @EmilyWWeiss @juliahartz) with the VC who first coined the term (@aileenlee)… https://t.co/VHAoUxAb49
Spending the day with 600 other women in VC today at the #allraisevcsummit. I’ve admired this organization since th… https://t.co/N3esu0NB3s
Spending the day with 600 other women in VC today at the #allraisevcsummit. I’ve admired this organization since th… https://t.co/N3esu0NB3s
@vefram Just wanted to circle back to say THANK YOU for sharing this!! I didn’t know this was possible, but I reach… https://t.co/QMaeNP9reE
@vefram Just wanted to circle back to say THANK YOU for sharing this!! I didn’t know this was possible, but I reach… https://t.co/QMaeNP9reE

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