paul_ayrton (@paul_ayrton)

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 @NandoChachalana: Quelqu'un a des nouvelles de Rafael ? https://t.co/RuFrLRfPbE
RT @NandoChachalana: Quelqu'un a des nouvelles de Rafael ? https://t.co/RuFrLRfPbE
RT @Nadal_Fr: Ne vous inquiétez pas, Rafa va bien. #VamosRafa 💪🏼🎾🇪🇸🏆https://t.co/fWwnoCeiOu
RT @ECavaniOfficial: Inoubliable voir et vivre ce qu'il s est passé hier au Parc🙏❤ Ce sera gravé en moi éternellement. 🔴🔵 #ICICESTPARIS htt…
RT @TennisMagazine1: Il est arrivé dans les kiosques : le numéro bilan 2019, avec Rafael Nadal en couverture. 156 pages avec notamment la s…
RT @WeAreTennisFR: Quand tu te promène tout le tournoi et que tu te prends un 6-0 6-0 en demi-finale https://t.co/EirPLCGLtj
RT @KMbappe: ⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️ ⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️ ⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️ ⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️ ⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️ ⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️⚽️…
RT @rnadalacademy: 🏃🏻‍♂️🏃🏻‍♂️🏃🏻‍♂️ @RafaelNadal 🏃🏻‍♂️🏃🏻‍♂️🏃🏻‍♂️ ¡Entrenando duro en la #RafaNadalAcademybyMovistar! 💪🏼 https://t.co/ALpF45
RT @staderennais: [ÉVÈNEMENT] 👀 Plus de 500 supporters étaient présents hier lors de la séance de dédicaces à la boutique du @RoazhonPark.
RT @FFLose: Le mec est amateur et parvient à trouver un glitch pour se glisser dans les qualifs d'un tournoi pro, le tout pour marquer 0 po…
RT @alexjunih: Pour un fan de Rafa, il est terrible de revoir ça mais quel point nom de dieu ... https://t.co/B7w6yYYEMZ
RT @rafancoreana: Rafa signing autographs after the practice (🎥Ten-Pro Global Junior Tour ig stories) https://t.co/dtUM0431uA https://t.co/
RT @alexjunih: Le taureau de manacor prépare sa seconde conquête australienne. 💪🏼🎾🇪🇸🏆https://t.co/j5KX2DCRC0
RT @Nadal_Fr: Rafa est de retour au charbon ! #VamosRafa 💪🏼🎾🇪🇸🏆 https://t.co/2A1d4K2yJW
RT @harshadarajani: Thank you so much @RafaelNadal for always inspiring me, with everything that you do and especially, everything that you…

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