An insurance agency, sometimes called an insurance brokerage or independent agency, solicits, writes and binds policies through many different insurance companies. … Agencies can decided which insurance carriers they would like to represent and which personal and business products they would like to offer
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.
Why insurance is needed?
Insurance companies invest the funds securely, so it can grow, and pay out when there's a claim. Insurance helps you: Own a home, because mortgage lenders need to know your home is protected. It covers your day-to-day costs and larger expenses like your mortgage while you focus on your health and recovery.
