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Insurance. Some People Cringe When They Hear That Word...

But what exactly IS insurance?




- A means of protection from financial loss.

One definition explains insurance as "a promise of compensation for specific potential future losses in exchange for a periodic payment."

Terms like "deductible" and "coverage", and "filing a claim" tend to invoke thoughts of money flying out of our pockets, car collisions, or perhaps a large-scale weather event such as a tornado or a hurricane. But insurance doesn't have to be scary, annoying, or panic-inducing.


Here are a few simple definitions of commonly used terms in the insurance world:

Insurance Claim - An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event

Deductible - The amount of money that the insured must pay before an insurance company will file a claim. (It’s important to note, however, that with many homeowner and auto policies, deductibles are actually DEDUCTED from the claim amount and not a payment amount the insured must come up with first. Be sure to check your specific policy and call your agent with any questions you may have regarding claims).

Coverage - The amount of protection given by an insurance policy.

Insurance Premium - The amount of money an individual or business pays to maintain an insurance policy.

Insurance Agency - Represents both the insured and the insurance company. The liaison between both and are there to help the insured with any questions or issues that may arise.


A synonym for insurance is "ASSURANCE". Peace of mind.....

and peace of mind is priceless.

Insurance is a positive thing and we, as your local agents, are here to help.

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