“You guys are AWESOME! Thank You. I now understand what is going on when my insurance agent starts talking crazy insurance talk! ”      T. Bilver – Tucson, Arizona

What Is Insurance?
Everyone goes through bad times, the idea and business of insurance was created to spread the result of a financial loss among many people, so the impact would not be so great to any one person. They just spread it out the cost to everyone.

The nuts and bolts of insurance are pretty simple. There are basically two players in the insurance arena. There is the insurer who collects your monthly insurance payment called a premium, and an insured, the person or business paying the premium.

The relationship between the insurer and the insured is covered in writing by a document called a policy. This policy outlines what the insurer (gets the premium) will pay if the insured (paying the premium) is involved in a situation that would require him to file a claim. A claim is “demand for something as rightful or due” in this case, it would be what ever terms were covered in the policy. That’s what insurance is.  Like the guys below us. We are here to explain the confusing and help figure out the language thats driving you nuts. Go GroovyInsurance!

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