What is the Insurance Company For?

An insurance company is there to pay you or someone you choose if something bad happens to you. They reduce the financial uncertainty and make accidental loss manageable.

When you buy an insurance policy, you purchase protection against unexpected financial loss. The insurance company is there to help you manage your insurance plan.

People get insurance to help with unexpected events but also to help pay for routine things like medical checkups. Having a company in your corner can help reduce some costs to you as they negotiate discounts with health care providers to their customers pay those discounted rates.

An individual or company may purchase an insurance policy that protects people or entities. For instance, when a company buys life insurance for an employee, the employee is insured and the company is the policyholder. Or if you hit a deer with your car and it damages your care. If you have the right kind of auto insurance policy, the company will pay the costs of the car repairs (minus any deductible your policy may have).

There are five common types of insurance, health, life, disability, auto and homeowner or renters insurance. Each insurance type is geared to focus on a specific type of coverage. And each company is different with their policies. It’s best to do your homework before you buy insurance. Not all types of insurance can be done with one company or even done well with one company. Do your research and find the company that best suites what matters most to you.

If you need help finding insurance, call Jim Rooney at Advanced Insurance Concepts. He works with a variety of insurance companies in Missouri and Kansas. He is licensed to sell Health, Life and Accident Insurance, so call Jim Rooney for all your insurance needs.