NolesStacey (@NolesStacey)

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.


RT @YahooSports: There's no way the defender can show up to class on Tuesday after this 😬 https://t.co/XlDpKwkN7E
RT @_TomBlock: Haven’t checked the dvr, but was that Nwora jawing at Trent in the handshake line and Forrest just pointing at the scoreboar…
RT @thisisjaysutton: #FSU guard Trent Forrest says that the trash talk from Louisville definitely sparked his emotions tonight. "They did…
RT @ByPatForde: As noted in today’s Minutes, the Louisville-FSU matchup was a likely ACC title elimination game. Noles still in at least th…
RT @ByPatForde: For lack of a better term, this has been a hard-ass half from Florida State. Relentless at both ends. Fierce bunch of athle…
@esmithnole Okay. Thx. Love the attitude of this being our house. A celebration of a great game
RT @AriyaMassoudi: I've been going to games at The Tuck since 2000. You can trust me on this. This is the LOUDEST the Tucker Center has eve…
@esmithnole It look it in one pic and so I got a little worried.
RT @GoodmanHoops: Leonard Hamilton and Florida State just don’t get enough credit for what they have done. Seminoles with strong second hal…
RT @Corey_Clark: Louisville’s Chris Mack: “I’ve watched a lot of film. Nobody runs their offense against Florida State. Nobody.”
RT @JonRothstein: How do you prepare for Florida State on a 48-hour turnaround in the NCAA Tournament? Noles have so many options. Six pl…

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