Tag Archives: Contract
It’s a Binding Contract
An insurance policy is a contract between an individual and the insurance company wherein the former pays a premium and gets compensation from the latter against eventual losses.
![big house](http://www.allinsuranceflorida.com/wp-content/themes/allinsurance/images/main_btm_img1.jpg)
![luxury car](http://www.allinsuranceflorida.com/wp-content/themes/allinsurance/images/main_btm_img2.jpg)
![white building](http://www.allinsuranceflorida.com/wp-content/themes/allinsurance/images/main_btm_img3.jpg)
An insurance policy is a contract between an individual and the insurance company wherein the former pays a premium and gets compensation from the latter against eventual losses.