Showing posts with label Insurance. Show all posts
Showing posts with label Insurance. Show all posts

Sunday, 23 October 2011

Insurance Company Contact Information

Allstate Insurance Group
(Allstate Insurance Company, Encompass Insurance Company)

(800) 54 Storm
(800) 547-8676
www.allstate.com

American National Property & Casualty Company

(800) 326-7781
(800) 333-2860
www.anpac.com

American Security Insurance Company

(866) 324-6516
www.assurant.com

Amica Mutual Insurance Company

(800) 242-6422 or
(877) 972-6422
www.amica.com

Friday, 21 October 2011

Estate planning

Estate planning is the process of anticipating and arranging for the disposal of an estate. Estate planning typically attempts to eliminate uncertainties over the administration of a probate and maximize the value of the estate by reducing taxes and other expenses. Guardians are often designated for minor children and beneficiaries in incapacity.

Thursday, 20 October 2011

What is Insurance ?

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured, or policyholder, is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practise of appraising and controlling risk, has evolved as a discrete field of study and practice.
The 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 (indemnify) the insured in the case of a financial (personal) loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.