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What is Insurance?

by Christie Phoenix Web Master on Monday, February 14, 2011 8:19 AM
Insurance is a mechanism for spreading risk, for sharing the
losses of the few among the many. It allows the policyholder
to substitute a small, defined expenditure (the premium) for a
large, but uncertain, future loss. Policyholders who escape
losses help to compensate those who are directly and
adversely affected by loss.

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Christie Phoenix Web Master

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Have your gifts wrapped at Uptown by donation. All proceeds for the #mustardseed. Open today until 8:30. 14 days ago . Reply . Retweet . Favorite
Can you spare a few hours. Sign up to gift wrap for the #mustardseed at uptown mall https://t.co/pu9B9loOsk 14 days ago . Reply . Retweet . Favorite
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RT @DiscoveryIns1: Involved in a crash? you can file online now, or call Dial a Claim at 1-800-665-6442. @ICBC @DiscoveryIns1 https://t.co… 23 days ago . Reply . Retweet . Favorite
We are closed today for the Remembrance Day weekend about a month ago . Reply . Retweet . Favorite
ICBC warns customers to delete texts that appear to offer a refund via @theProvince https://t.co/UVpgNHWbNv 2 months ago . Reply . Retweet . Favorite
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ICBC says increasing stress, decreasing patience means road rage incidents on the rise https://t.co/LRsJGFNlHQ 3 months ago . Reply . Retweet . Favorite
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