Insurance 101
Here you will find some of the most common questions
regarding auto insurance, property insurance, and life insurance.
Please select one of the categories below to view it.
>> auto insurance
>> property insurance
>> life insurance
What is Insurance?
Insurance is a two party contract between the insured and the
insurance company, "Risk" (uncertainty about loss) is transferred
for a consideration, from the insured to the insurer.
What factors determine insurance rates?
Rating is the pricing of insurance calculated by actuaries. Factors
may include construction, occupancy, fire protection, loss
experience, square footage, claim frequency, driving record,
financial stability, etc.
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