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Clifton, Arizona - Insurance Agents & Brokers search results Premier Listings

Understanding Insurance

The insurance industry is involved in daily American life. Residents must have auto insurance on their vehicles before they can legally drive. Health and dental coverage are vital to being physically fit. Most people also have life insurance to make sure their loved ones aren’t burdened by debt when they die. What is insurance and how do you get it? The following terms can help clarify this process.

  • Insurance – A type of risk management, insurance basically transfers the cost of a certain loss from an individual to an agency that will cover the amount of money needed. In exchange, the individual pays a certain amount each year, whether they use their insurance or not. The most popular types include auto, health, dental, home, and life.
  • Insurer – The company selling the policy. Most hire agents to handle the sales and customer service end of the business.
  • Policyholder – The person purchasing coverage.
  • Policy – An individual’s insurance plan. This contract lays out the terms of the agreement, such as how much the policyholder will pay, the beginning and ending of the coverage, and what sort of circumstances make the policy invalid.
  • Broker – A person who received a salary for being an agent for an insurance company. These brokers negotiate the terms of the policy. Their main job is to provide quotes to new customers in order to gain their business. A quote estimates how much a person’s rate will be per term.
  • Deductible – The amount of money a policyholder must pay before their insurance company beings to cover the costs of a expense or accident. For example, the average auto insurance agency offers a vehicle deductible of $250-$1000.
  • Claim – The official claim a policyholder files to make use of their benefits. “Claim” can also refer to the amount of money received.
    Our local Clifton area insurance agents and brokers are here to provide you with the highest quality customer service. Let our insurance brokers help you find the plan that suits your needs.
    Insurance Agents & Brokers
    Mechanicsburg, PA 17055
    Contact our insurance company and we can help you find the right agents or brokers, whichever you need. We are here providing general assistance and knowledge through seminars and events.
    Association for Long Term Care Insurance
    Thousand Oaks, CA 91362
    Our association for long term care insurance can help you figure out the best way to protect your loved ones. Make sure they have the comprehensive coverage they need for long term care.
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    COUNTRY Financial
    813 W Court St S, Safford, AZ 85546
    (928) 428-1102

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