The Safeco Insurance
policy is designed to protect you and your family from financial loss in the event of an accident or unforeseen circumstance. Each policy is different, but they typically cover medical expenses, lost wages if you’re unable to work, and funeral costs if someone in your family passes away due to an accident. In addition to these essentials, you may be able to add coverage for items such as rental cars, trip cancellation, and disability income. The last thing you want is to have to come up with thousands of dollars to replace your car if it gets totaled in an accident. By purchasing a policy, you have the peace of mind of knowing that you and your family will be protected in the event of an unforeseen circumstance.
If you are like most people, you probably don’t think about life insurance until something happens that makes you realize how important it is. The last thing you want is to have your family saddled with financial obligations because of an accident or unforeseen circumstance. By purchasing a policy today, you can avoid this possibility for yourself or for your loved ones in the future.
An insurance can be a contract whereby the insurer agrees to pay an assured or any other person(s) or entity, a sum of money, upon the happening of an event predefined in the contract.
In most cases, insurance policies are “contracts of indemnity”; that is, they provide indemnification (compensation) for losses suffered by the policyholder. In some cases, insurance policies may be contracts of insurance; that is, they insure a person or entity against losses from specific perils. Insurance policies are typically issued by an insurance carrier on behalf of an insurance company. The insured receives a contract, which details the conditions and circumstances under which payment(s) will be made. The amount of money charged to the insured for the coverage set forth in the policy is called the premium. If the insured experiences a loss which is covered by the insurance policy, it is subrogated to all rights against those responsible for payment under that loss; this process is known as recovery.
