agonzzza (@agonzzza)

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 @juliomdwz: hay canciones que son de una persona, pero hay olores que también
RT @bebi_fernandez: Sé cómo ir en contra de lo que pienso, pero no en contra de lo que siento. Y eso me jode la vida.
RT @kansaita_: dormir soluciona los problemas??????? no me da igual porque voy a seguir utilizándolo como excusa para evadirme de mis cris…
RT @8edgi__: no me sale mirar a otra persona como te miro a ti
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RT @Jona_Hobe: Mi yo amoroso: jo quiero un novio que me de mimos y me quiera Mi yo soltera: https://t.co/VX7kADUzJt
RT @betabetada: españa se divide en dos: en qué país te quedas? rt, españa del norte fav, españa del sur https://t.co/n2tdUi4Ig5
RT @Creat1ve: “What’s taking you so long in the shower?!” Me on the third stop of my sold out world tour in the shower: https://t.co/YfuTI
RT @OMIBTS2: Adelina y Jose diciendo la fecha y el lugar de su boda. España: #LaIsla6mesesDespués https://t.co/6UPtPtfTuW

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