The 101 on Insurance
There are many types of insurance that can provide financial restitution for all sorts things from injury and damage to cars, homes and even people. The basic function of insurance it to transfer the risk of accidental loss and make it financially manageable. In substituting your payment of a small, known fee – an insurance premium, your insurance company assumes the risk of a large loss and promises to pay in the event of a loss.
Depending on your decision of which products and/or endorsements to purchase can determine what, when and how much is paid in a loss. It is our goal within this section to present some topics of basic information and materials that will help customers and visitors better understand their policies and content within them.
The menu list below will provide a greater breakdown of specific policy types and their contents.
