Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity which provides insurance is known as an insurer, an insurance company, an insurance carrier or an underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known - relatively small - loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.
The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.
McClelland Insurance is an independent family owned brokerage in Ontario providing insurance for home & auto as well as commercial insurance for businesses.
Street : 350 Rutherford Rd S, Brampton, Ontario, Canada, L6W 3M2
Your online home for great Travel Essentials. Get cheap Travel Insurance, Airport Parking, Hotels, Lounges and Car Hire from EssentialTravel.co.uk
Street : Coningsby Road, Peterborough, England, United Kingdom, PE3 8
Get Award Winning cover. Voted Outstanding Value Health Insurance for 12 Consecutive Years. Choose from flexible cover options & join online today.
Street : 720 Bourke Street, Docklands, Victoria, Australia, 3008
Founded in 1893, Oswald advisers deliver the full range of insurance brokerage and risk management services. Learn more and connect today.
Street : 1100 Superior Ave E, Cleveland, Ohio, United States, 44114-2501
IAG is the largest general insurance company in Australia and New Zealand. Our insurance brands include NRMA, CGU, SGIO, SGIC and WFI.
Street : 201 Sussex Street, Sydney, New South Wales, Australia, 2000
Different insurance companies can offer you different quotes. Compare insurance quotes from 30+ companies to get your cheapest insurance quote online today.
Street : 1 Yonge St, Toronto, Ontario, Canada, M5E 1E6
EmblemHealth provides all our members the latest plan & health information, including GHI Insurance information. We are dedicated to helping you stay healthy, get well, and live better.
Street : 55 Water Street, New York, New York, United States, 10041
Safety Insurance is a premier provider of auto, home, and business owners insurance in Massachusetts, Maine, and New Hampshire.
Street : 20 Custom House Street, Boston, Massachusetts, United States, 02109
Let a BrokerLink broker put our local insurance expertise to work for you. Home insurance, car insurance and business insurance all in Barrie.
Street : Alberta, Canada
The Insure 247 Team is here to Help with your business insurance needs, our team of specialist are experts in small to medium enterprise (SME) insurance
Street : Robina Town Centre Drive, Robina, Queensland, Australia, 4226
Get your free travel insurance quote online with TID Australia in seconds. With 24/7 emergency assistance, an Australian call centre and easy online claims.
Street : 680 George Street, Sydney, New South Wales, Australia, 2000
Representing your interests in risk, growth and insurance. Over 10,000 risk experts all over the world ready to help you troubleshoot, streamline and save.
Street : 1 Church Place, London, United Kingdom, W1J 9EZ
State Farm helps you protect what matters most with home & car insurance, checking & savings accounts, loans, and more. Get a free quote or find an insurance agent near you.
Street : 1 State Farm Plaza, Bloomington, Illinois, United States, 61701
Petplan provides the most comprehensive pet insurance. One low monthly payment covers up to 90%, including what other providers don’t.
Street : New York, New York, United States
Shop insurance with Avery Hall, leading insurance agency for individuals, families, non-profits & businesses in Maryland, Delaware & Virginia.
Street : 308 E Main St, Salisbury, Maryland, United States, 21801
We are an insurance broker based in the Ottawa region. We provide tailored insurance for home, auto, commercial, and benefit packages.
Street : Ottawa, Ontario, Canada