Insurance---Quotes

Looking for instant online Insurance Quotes?

Here you will find online insurance quotes links that were hand picked by our staff to provide you with fast, free, online insurance quotes for your car, your home or apartment, your life and even your health.

Our site also provides you with existing customer reviews of all insurance quotes providers we can find and our forum to discuss all of the different types of insurance you can buy, pitfalls to avoid and more.

Before we get into the extra features, lets define a few terms...

Insurance or assurance, is a device for indemnifying or guaranteeing an individual against loss. Reimbursement is made from a fund to which many individuals exposed to the same risk have contributed certain specified amounts, called premiums. Payment for an individual loss, divided among many, does not fall heavily upon the actual loser.

The essence of the contract of insurance, called a policy, is mutuality. The major operations of an insurance company are underwriting, the determination of which risks the insurer can take on; and rate making, the decisions regarding necessary prices for such risks resulting in the insurance quotes you are given.

The underwriter is responsible for guarding against adverse selection, wherein there is excessive coverage of high risk candidates in proportion to the coverage of low risk candidates. In preventing adverse selection, the underwriter must consider physical, psychological, and moral hazards in relation to applicants.

Physical hazards include those dangers which surround the individual or property, jeopardizing the well-being of the insured. The amount of the premium is determined by the operation of the law of averages as calculated by actuaries. By investing premium payments in a wide range of revenue-producing projects, insurance companies have become major suppliers of capital, and they rank among the nation's largest institutional investors.

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium.

Insurer, in economics, is the company that sells the insurance.

Insurance rate is a factor used to determine the amount, called the premium, to be charged for a certain amount of insurance coverage.

Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.