Insurance companies tend to deal in the business of risk. You, as the policy holder and insurance customer, pay a certain amount to the company each month. This amount is usually called a premium regardless of whether it is actually paid monthly or paid up front for the whole year. Once this monthly or annual payment has been made, the insurance company promises to protect you in case anything goes wrong, provided the type of risk is covered under the policy terms.
{"id":1724,"date":"2012-11-29T18:48:19","date_gmt":"2012-11-29T23:48:19","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/?p=1724"},"modified":"2012-11-29T18:50:19","modified_gmt":"2012-11-29T23:50:19","slug":"understanding-insurance-refunds-and-how-they-pertain-to-lost-funds-2","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/lost-funds-2\/understanding-insurance-refunds-and-how-they-pertain-to-lost-funds-2","title":{"rendered":"Understanding Insurance Refunds And How They Pertain To Lost Funds"},"content":{"rendered":"\n\n\t<\/p>
Insurance companies tend to deal in the business of risk. You, as the policy holder and insurance customer, pay a certain amount to the company each month. This amount is usually called a premium regardless of whether it is actually paid monthly or paid up front for the whole year. Once this monthly or annual payment has been made, the insurance company promises to protect you in case anything goes wrong, provided the type of risk is covered under the policy terms.<\/p>\n\n