kamar_ararat (@kamar_ararat)

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.


Am I the only one who misses Mr. @PeterMacNicol1 on twitter and can’t wait for him to come back?
@JoshRadnor I would take a train to Grenoble and see my University...
@JoshRadnor I would take a train to Grenoble and see my University...
RT @peta: “When we look at the world through another animal’s eyes, we see that inside we’re all the same —and that we all deserve to liv…
RT @peta: “When we look at the world 
through another animal’s eyes,
we see that inside
we’re all the same
—and that
we all deserve 
to liv…
RT @Variety: Joaquin Phoenix: "I’ve been a scoundrel in my life. I’ve been selfish, I’ve been cruel at times, hard to work with. I’m gratef…
RT @Variety: Joaquin Phoenix:
RT @jamesocromwell: All of this! Bravo, and congratulations mate. ❤️🙏
RT @jamesocromwell: All of this! Bravo, and congratulations mate. ❤️🙏
RT @Alex_Verbeek: 🐄 Joaquin Phoenix's Oscars speech in full: ‘We feel entitled to artificially inseminate a cow and steal her baby' ‘I…
RT @Alex_Verbeek: 🐄

Joaquin Phoenix's Oscars speech in full:

‘We feel entitled to artificially inseminate a cow and steal her baby' 

‘I…
Joaquin Phoenix. Speech. Love. Nature. Humanity. It is never enough to listen to him and learn from him... Congratu… https://t.co/LSi3wu0Gqy
Joaquin Phoenix.
Speech. Love. Nature. Humanity.
It is never enough to listen to him and learn from him...
Congratu… https://t.co/LSi3wu0Gqy
When I watched Joker, I thought that Joaquin Phoenix was out of this world. But when I listen to his speeches I und… https://t.co/99mQVjjgGA
When I watched Joker, I thought that Joaquin Phoenix was out of this world. But when I listen to his speeches I und… https://t.co/99mQVjjgGA
RT @jokermovie: Congratulations to Joaquin Phoenix on his first #Oscar win for Best Actor for his performance in #Joker. https://t.co/L97xa
RT @jokermovie: Congratulations to Joaquin Phoenix on his first #Oscar win for Best Actor for his performance in #Joker. https://t.co/L97xa…
@shamamciyan Sure, but I started to forget this custem for some years. Now getting back right into it feels so good 😉😊
@shamamciyan Sure, but I started to forget this custem for some years. Now getting back right into it feels so good 😉😊
After Forrest Gump, it serms that @tomhanks will show some more tricks to #ElvisPresley on the big screen again!… https://t.co/Qnp6jhLRTv
After Forrest Gump, it serms that @tomhanks will show some more tricks to #ElvisPresley on the big screen again!… https://t.co/Qnp6jhLRTv
Maybe most Angelenos don’t even realize it, but the simple act of greeting a random person that you meet on the str… https://t.co/nOGmm9TxYR
Maybe most Angelenos don’t even realize it, but the simple act of greeting a random person that you meet on the str… https://t.co/nOGmm9TxYR
Has any of you read the nominated scripts? If yes, what are your thoughts? https://t.co/H7mhwAO0XW #oscarshttps://t.co/QUndDfylfc
Has any of you read the nominated scripts? If yes, what are your thoughts?
 https://t.co/H7mhwAO0XW
#oscars… https://t.co/QUndDfylfc

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