Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.

Some risks are so widely recognized and acknowledged that one is required by law to have insurance against them. As an example, car insurance is required by law to operate a motor vehicle on public roads. Your bank or credit union is required to have Federal insurance against theft or fraud against your deposits. Some places require insurance on your property against floods.

A good insurance agent is a highly-trained specialist who helps you identify assets which are not insured, or not appropriately insured, and find sensible and affordable policies to reduce the risks in your life. It is also beneficial to work with an agent who maintains relationships with a number of insurers, so that you have choices in the marketplace.

Andrew Gill Insurance Associates know our communities and our clients. We have years of experience in the insurance business, which enables us to examine your risks and coverages to give you certainty that your assets are properly protected from risk at the right cost. Call us today for a thorough review of your situation, and be ready to sleep easier tonight.