DDLindeman (@DDLindeman)

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.


Find a restaurant, near the hotel, in an unfamiliar area, by yourself. TDY is always an adventure
If I would have picked up my rental here in DC I would be arriving at the preregistration building the same time my… https://t.co/SSATKBFrP8
@Ranger_Up I’m sorry but I cannot support this thread. Neither will get my vote. Lincoln Chafee is looking better and better
@KeraRolsen Ma’am, that’s a lot of beads
@AboveRebroach Shhhh. It’s time to sleep now
@ThatEricAlper Friday night and they’re dressed to kill, down at Dino’s bar and grill. The drink will flow and the… https://t.co/Vp1Hnt7ZJz
@MikeObach I mean, Uni No Dak gave us Toews, Parise and Oshie, so there’s that.
Did anyone notice that Spring Training started with an @cubs win? https://t.co/48iiJBPJwc
Did anyone notice that Spring Training started with an @cubs win? https://t.co/48iiJBPJwc
@TeamYouTube Thanks. I sent my request.
@TeamYouTube Thanks. I sent my request.
@YouTubeTV I’m out at a local pub to watch the @Cubs When are you going to pick up the @WatchMarquee ?
@YouTubeTV I’m out at a local pub to watch the @Cubs   When are you going to pick up the @WatchMarquee ?
Show choir competition. That place where 75% of the crowd sings with the music on the PA. Loudly.
Show choir competition. That place where 75% of the crowd sings with the music on the PA. Loudly.
@bbchangeup @JCSD_JHS We do enjoy it. They are so good.
@bbchangeup @JCSD_JHS We do enjoy it. They are so good.
Another weekend, another Show Choir competition. Off to Indianola to cheer on @JCSD_JHS #SoundAdvice choir. Break a leg kids.
Another weekend, another Show Choir competition. Off to Indianola to cheer on @JCSD_JHS  #SoundAdvice choir. Break a leg kids.
@THEintellectsav A very stable genius and The Generals
@THEintellectsav A very stable genius and The Generals
@STShafer08 Climate change is real. Warmest January on record.
@STShafer08 Climate change is real. Warmest January  on record.
@GPatrick There seems to be a theory. However, Chicagoans May take umbrage.
@GPatrick There seems to be a theory. However, Chicagoans May take umbrage.
@KeraRolsen @BANGenergy @lacroixwater @WhiteClaw I mean. To be millennial . Also, if you have a bad flight, you can always Ice the culprit
@KeraRolsen @BANGenergy @lacroixwater @WhiteClaw I mean. To be millennial .  Also, if you have a bad flight, you can always Ice the culprit

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