jasminelev4 (@jasminelev4)

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.


@amazikat i’ve gotten over it i’m embracing the oktoberfest vibes
RT @nirlamb: This has got to be the worst question I have ever gotten asked on Curious Cat https://t.co/qQ5oKwfZIk
RT @nirlamb: This has got to be the worst question I have ever gotten asked on Curious Cat https://t.co/qQ5oKwfZIk
RT @Rover829: Reuters: VIETNAM HEALTH MINISTRY SAYS ALL 16 CONFIRMED CASES OF CORONAVIRUS CURED, NO NEW CASE FOUND SINCE FEB. 13 (Sliver o…
RT @Rover829: Reuters: VIETNAM HEALTH MINISTRY SAYS ALL 16 CONFIRMED CASES OF CORONAVIRUS CURED, NO NEW CASE FOUND SINCE FEB. 13

(Sliver o…
@Dlyefor LETS DO IT FUCK YES
@Dlyefor LETS DO IT FUCK YES
@Dlyefor u don’t understand dylan i’m only like 9% irish 😭😭😭
@Dlyefor u don’t understand dylan i’m only like 9% irish 😭😭😭
RT @BlakeFlayton: Also— because I worry my political presence on twitter is skewed... I will absolutely vote for Bernie Sanders over Donal…
RT @BlakeFlayton: Also— because I worry my political presence on twitter is skewed...

I will absolutely vote for Bernie Sanders over Donal…
RT @cailan1000000: Cant do my hw im too busy yearning
RT @cailan1000000: Cant do my hw im too busy yearning
@AmerZahr wow that’s a quick turnaround from virulently hating and dehumanizing anyone who supports the right of is… https://t.co/UUCdePIVp7
@AmerZahr wow that’s a quick turnaround from virulently hating and dehumanizing anyone who supports the right of is… https://t.co/UUCdePIVp7
anyone who says “posting-to-praxis pipeline” should be publicly executed https://t.co/EWGScqTLC0
anyone who says “posting-to-praxis pipeline” should be publicly executed https://t.co/EWGScqTLC0
@ComradeSnake makes me lose even more faith in humanity
@ComradeSnake makes me lose even more faith in humanity

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