Insurance Law
Types of insurance vary however, all insurance has one primary goal. This goal is the spread the risk of a loss from one individual to a group of contributors. Each individual insurance policy holder pays a premium for the insurance they have purchased. When one individual faces a loss, the money to cover is comes from the pool or individual premiums. Generally, the insurance companies safekeep the premiums. Government regulations oversee insurance companies to make sure individuals have been treated fairly.
Your claim may involve an insurance company for a variety of reasons:
- You were in an automobile accident.
- You were injured on the job.
- You faced a natural disaster.
14 Harvard St • Phone: (508) 754-3291 • February 6, 2012