peaceforchange (@peaceforchange)

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.


Thanks for your love & support. Stay strong, continue doing your bit for Pakistan.Stay blessed آپکی محبت اورحمایت ک… https://t.co/euRzxTG8Rb
RT @OfficialDGISPR: Alhamdulillah. Thanks to everyone I have remained associated with during the tenure. My very special thanks to Media al…
Karnataka: RSS stages protest against construction of Jesus Christ statue Kanakapura | City - Times of India Videos https://t.co/MdhvX9r0gn
RT @OfficialDGISPR: CCC. Geo strat, regional & national security envmt reviewed. IS, situation along bdrs, LOC and IOJ&K discussed. Forum…
RT @OfficialDGISPR: Statements of Indian mil ldrship against Pak are irresponsible rhetoric with implications on regional peace and stabili…
@FazalDawood9 Many thanks dear. Yes 2009, I was a Lt Col then. Tor Ghar Erstwhile Kala Dhaka which we cleared. Reme… https://t.co/oB8cF1SFQE
@PakistanArmy99 @WarMachinex1 @AWGoraya Never mind dear. More prayers for them. Prayers get returned to the one pra… https://t.co/DlFTzerldp
Yes dear. We are there. Also in many other such snow affected areas. https://t.co/vnZ34O7pVa
That’s why u blocked date & time on screenshots you posted & cropped the other one. If it was actual you wouldn’t h… https://t.co/1GGfS4HNsS
Goraya you have shared screenshots depicting Twitter blocking me to delete tweet. It’s wrong. Here is Twitter email… https://t.co/09nPdFnyGS
@TahaSSiddiqui You won’t understand the ethos which I respected. Twitter has to do nothing with it. Twitter underst… https://t.co/dnxj8IdWMW
Remembering Arfa Karim on her death anniversary with prayers. A role model for the youth. May Allah bless her soul.… https://t.co/PzRHwDaPTo
@sanabucha Not without a reason. I never initiated anything. Please see your unethical expressions which provoked r… https://t.co/aTVxZiGvS8
Dear fellows. Your job is to focus on your respective studies or professional pursuits. Your success is best respon… https://t.co/v1lQfEZWEE
This medicine is only for the burns and not for any other discomfort or disease. Symptoms indicate requirement of c… https://t.co/ZzpVac3ybB

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