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Insurance - All in Abingdon, MD
Allied Home Mortgage Capital Corporation - Abingdon, MD - Phone: (410) 515-9030
Allied Mortgage Capitol Group - Abingdon, MD - Phone: (410) 569-0028
American Sky Corporation Inc - Abingdon, MD - Phone: (410) 698-1000
Antoine Kfuri MD - Abingdon, MD - Phone: (410) 515-3504
Bank Of America - Abingdon, MD - Phone: (410) 569-1300
Burton Insurance GRP - Abingdon, MD - Phone: (410) 671-7710
Carrollton Mortgage Service - Abingdon, MD - Phone: (410) 569-9518
Fisher Financial Services - Abingdon, MD - Phone: (410) 515-6500
Grace Mike Insns - Abingdon, MD - Phone: (410) 515-6988
Grace- Michael J - State Farm Insurance Agent - Abingdon, MD - Phone: (410) 569-1600
Harford Bank - Branch Offices - Abingdon, MD - Phone: (410) 569-7010
Long & Foster Realtors - Abingdon, MD - Phone: (410) 688-6484
Money Marketing Inc - Abingdon, MD - Phone: (410) 836-2192
Scaffidi & Associates - Abingdon, MD - Phone: (410) 569-3905
Singer Square Medical Center - Abingdon, MD - Phone: (410) 515-2504
Wilson Properties Partnership - Abingdon, MD - Phone: (410) 515-1190
Helpful Definition for: Insurance - All
Insurance, in Abingdon,denotes a service primarily meant for risk management that provides financial assistance during an unexpected loss or transfers the risk of a loss equitably, from one entity to another, in exchange for payment. An insurance company in Abingdon sells the insurance to its client, called insured, or policyholder, who is the person or entity buying the insurance policy. The factor called 'Insurance rate' determines the amount to be charged for a certain deal of insurance coverage, which is called the premium.
Insurance pools funds from many insured entities or exposures to pay for the losses incurred & thus protects the insured entities from the risk of paying a fee, the amount of which may depend upon the frequency and severity of the event occurring.
Insurance can be provided by private companies to cover the risks, typically sharing seven common characteristics:
1. Large number of similar exposure units
2. Definite loss
3. Accidental loss
4. Large loss
5. Affordable premium
6. Calculable loss
7. Limited risk of catastrophically large losses
The legal principles of an insurance policy generally include- Indemnity, Insurable interest, Utmost good faith, Contribution, Subrogation & proximate cause. Insurance may be provided for various tangible & intangible properties, such as- Home insurance, Vehicle or auto insurance, Health insurance, Accident, sickness & unemployment insurance, Casualty insurance, Life insurance, Property, Liability or Credit Insurance & closed-community self-insurance.
