what are the best insurance companies in America 2019, below are the List of Insurance Companies 2019 irespective of which policy they specialized on.
INTRODUCTION TO INSURANCE
Life is full of risks of things that could happen – the house burning down, the car being stolen, and illness preventing us from earning a living. The good news is that whatever the risk, chances are there is an insurance policy available to reduce the financial loss we would take should the worst occur.
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, uncertain and unforeseen loss.
An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or 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 must involve something in which the insured has an insurable interest established by ownership, possession, or preexisting relationship.
List of Insurance Companies
There are a whole lot of insurance companies in the world today. Some of them include
- Liberty mutual
- 21st century insurance
- Farmers insurance
- The Hartford
- The General
- Insurance Panda
- American Family
ALSO READ: LIST OF Low Cost Insurance List 2019