BROWSE BY CATEGORIES :
- What is Insurance?
- Motor Insurance
- Home Insurance
- Pet Insurance
- Life Insurance
- Travel Insurance
- Glossary of Insurance
Compare Insurance Policies the Easy Way!
Easy to Insure is your one stop shop for comparing insurance policies for home insurance, life insurance, travel insurance, pet insurance and motor insurance. We break down the information that is important to you into simple to read comparison tables so you can make an informed choice on the policy that is best for you - and at the best price!
Insurance is variously defined at the lowest level as being a formal undertaking / contract in which one party (the insurer, usually an insurance company) agrees to pay for the financial loss of another party (the insured, an individual or an organisation) resulting from a specified event (for example, a collision, theft, or some other kind of damage or loss).
The self-same formal undertaking / contract is therefore written in such a way as to describe precisely how the insurer agrees to compensate the insured for any losses or damages caused by risks specifically identified in the formal undertaking / contract in exchange for the payment of a lump sum (or periodic amounts of money) by the insured to the insurer - this is most often known as the insurance premium. The insurer (insurance company) profits by investing the premiums it receives and on the knowledge as to statistically how often it will have to pay out on claimed financial loss.