Who are insurers?

The insurer is the company that provides you with financial coverage in case of specific, unfortunate events listed in your insurance policy. An insurer can be an insurance company as well as an underwriter.

What is the difference between insurance and insurers?

Insured is the person who is covered against risk. On the other hand, the insurer is the company that is providing coverage. It is a service that an insurer provides under a particular insurance policy against a premium paid by the policyholder.

What is insurer in simple words?

a person or company that contracts to indemnify another in the event of loss or damage; underwriter. a person or thing that insures. a person who sells insurance.

What’s another word for insurers?

In this page you can discover 15 synonyms, antonyms, idiomatic expressions, and related words for insurer, like: insurance-company, underwriter, insurance firm, insurance underwriter, lender, policyholder, employer, insurance-policy, borrower, broker and reinsurer.

What is an example of an insurer?

Well-known life insurers include Northwestern Mutual, Guardian, Prudential, and William Penn. Property and casualty companies insure against accidents of non-physical harm. This can include lawsuits, damage to personal assets, car crashes and more.

What are the 4 types of insurance?

Different Types of General InsuranceHome Insurance. As the home is a valuable possession, it is important to secure your home with a proper home insurance policy. … Motor Insurance. Motor insurance provides coverage for your vehicle against damage, accidents, vandalism, theft, etc. … Travel Insurance. … Health Insurance.

What are the 5 types of insurers?

Types of InsurersDifferent Types of Insurers. There are many different types of property and casualty insurers operating in Texas. … Stock Insurance Companies. … Mutual Insurance Companies. … County Mutual Insurance Companies. … Farm Mutual Insurance Companies. … Lloyds Plan Companies. … Reciprocal Exchanges.

Who is insurer answer in one sentence?

An insurer is a company that sells insurance.

What are the 3 main types of insurance?

Then we examine in greater detail the three most important types of insurance: property, liability, and life.

Which of the following is the best description of an insurer?

An insurer is the company responsible for paying claims under a contract of insurance. An insurer provides insurance policies, while an insured is protected by those insurance policies.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Comment