akach5 (@akach5)

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.


@Nicolemens @elle_desylva Holy cow, n daaamm. Anyone fat shames you should go ahead n do that. Do better. And fr… https://t.co/h9NISpv1xf
@Teesa_Michele Nah, beg he's trying to get a message to tRUMP. to STFU
@QueenOf73146286 @thehill They call him pinwheel mccain now.
@DaviaSolomon @thehill If trump doesnt convince you, all your dads friends turning their back on him, so to speak,… https://t.co/Yl8jJFizQl
@ChrisCuomo $$$$ the man will owe him. BIGLY
@ChrisCuomo $$$$    the man will owe him. BIGLY
RT @LouiseMensch: “ There are two people I think Putin pays - Rohrabacher and Trump.” Kevin McCarthy @GOPLeader, summer 2016. At least @M
RT @LouiseMensch: “ There are two people I think Putin pays - Rohrabacher and Trump.” Kevin McCarthy @GOPLeader, summer 2016. 

At least @M…
RT @funder: Here’s video of Trump Advisor Stephen Miller in high school screaming he’s “sick and tired of being told to pick up my trash, w…
RT @funder: Here’s video of Trump Advisor Stephen Miller in high school screaming he’s “sick and tired of being told to pick up my trash, w…
RT @ItsAnimalFacts: There's some amazing conservation work going on at including the monitoring of one of the world giants! https://t.co/1Y
RT @ItsAnimalFacts: There's some amazing conservation work going on at including the monitoring of one of the world giants! https://t.co/1Y…
@amyklobuchar @sleeper663 You forgot steal & treason. Do alot of stealing & treasoning.
@amyklobuchar @sleeper663 You forgot steal & treason.
Do alot of stealing & treasoning.
RT @yikesiris: this is so fucking heart breaking https://t.co/gl4wizX5c8
RT @yikesiris: this is so fucking heart breaking https://t.co/gl4wizX5c8
@jilevin Cant they make formal complaints to the bar associations ? Cant they take his license or suspend it, ?
@jilevin Cant they make formal complaints to the bar associations ?
Cant they take his license or suspend it, ?
RT @disqus_sk_user: @ananavarro @Germain6 And under Reagan? You know the Republican who sold arms to Iran (despite them taking hostages a…
RT @disqus_sk_user: @ananavarro @Germain6 And under Reagan?  You know the Republican who sold arms to Iran (despite them taking hostages a…
RT @HeathenOnEarth_: This awesome clip of Obama sticking it to Trump needs to be retweeted ‘til the end of time! https://t.co/lgL1VgTfWa
RT @Strandjunker: She is not a child. She is not naive. She is not an innocent bystander. She is working at Treasury to protect Trump’s tax…
@pcmaneri @LRBitisnot We need to keep house n flip senate, if tRUMP wins again we will throw him out , with all hi… https://t.co/Agvs4CKG1m
RT @AriMelber: “Republicans have advised the president against” the pardon, “arguing that Mr. Blagojevich’s crime *epitomizes the corruptio…

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