temtol (@temtol)

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.


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@shade_alder Oya I'll add an inch.
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RT @thekashope: I’ve waited all my life for this. You’ll never walk alone. ❤️❤️❤️ https://t.co/x0QuXCAMZm
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RT @FeyisolaOlogan: Modest Fashion 101:

In this picture I have a play suit and a wrap top. Because I like to be alte-ish... pairing a chec…
RT @katierose147: I defo shouldn’t know what this means but my boyfriend does it to me everytime I eat in bed
RT @katierose147: I defo shouldn’t know what this means but my boyfriend does it to me everytime I eat in bed
😂 😂 You suppose know say any Yoruba wey you sabi, i sabi. 😁. https://t.co/Jgg5EdMxSv
😂 😂 You suppose know say any Yoruba wey you sabi, i sabi. 😁. https://t.co/Jgg5EdMxSv
@jibby_ola What is omorogun?
@jibby_ola What is omorogun?
@samde_guru @ChampionsLeague Add something, I'm in other leagues, yunnoe?
@samde_guru @ChampionsLeague Add something, I'm in other leagues, yunnoe?
@samde_guru @ChampionsLeague Lol. Nawa o. Send the 150k for the 100pts hits
@samde_guru @ChampionsLeague Lol. Nawa o. Send the 150k for the 100pts hits

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