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  1. Join one of Fortune's 100 Best Companies to Work For. Get an insurance quote in minutes from a top-rated company. Find 24/7 support and insurance for you, your family, and your belongings.

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    • What Is Insurance?
    • How Insurance Works
    • Insurance Policy Components
    • The Bottom Line

    Insurance is a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risksto make payments more affordable for the insured. Most people have some insurance: for their car, their house, their healthcare, or their life. Insurance p...

    Many insurance policy types are available, and virtually any individual or business can find an insurance company willing to insure them—for a price. Common personal insurance policy typesare auto, health, homeowners, and life insurance. Most individuals in the United States have at least one of these types of insurance, and car insurance is requir...

    Understanding how insurance works can help you choose a policy. For instance, comprehensive coverage may or may not be the right type of auto insurance for you. Three components of any insurance type are the premium, policy limit, and deductible.

    Insurance helps to protect you and your family against unexpected financial costs and resulting debts or the risk of losing your assets. Insurance helps protect you from expensive lawsuits, injuries and damages, death, and even total losses of your car or home. Sometimes, your state or lender may require you to carry insurance. Although there are m...

    • Julia Kagan
    • 1 min
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  1. Ads

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  2. Switch to the car insurance designed exclusively for drivers 50+. Get your free quote. Switch to The Hartford for auto insurance and save $577 on avg. Get your free quote today!

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