Insurance is the transfer of financial responsibility associated with a potential of a loss (risk) to an insurance company, which in turn spreads the costs of unexpected losses to many individuals. It is a contract in which one party agrees to indemnify the other against loss, damage or liability arising from an unknown event. In most situations only a small number of those insured will actuall suffer a loss. Insurance redistributes the financial consequences of individual losses to all persons insured. If there were no insurance mechanism, the cost of a loss would have to be borne solely by the unfortunate individual who suffered the loss. With insurance, the cost of the loss equal to the amount of the insurance premium will be covered by the insurance provider. However, the cost of the loss may exceed the limit of the insurance. When properly used, insurance can be a valuable tool for protection. As you’ll see below, insurance comes in many forms. Here are the types of insurance that we offer: