Understanding the Insurance Relationship
Understanding the Insurance Relationship At the most basic level, an insurance relationship is simply a contract. It is an agreement between an insurance company and an insured for the insurance company to pay money related to valid claims experienced by the insured. These claims can be based on property damage claims to a residence or to a business, or based on healthcare, or injuries sustained in an automobile accident. The premise is simple. You, the insured, pay premiums to the the insurance company, the insurer, and the insurance company collects the premiums and and invests [...]