Kansas City Missouri Insurance
If you live in or near Kansas City MO and are looking for looking for Insurance online, then you probably searched for something like “Kansas City MO Insurance” or “Insurance services near Kansas City MO.” So now that you’ve found our website and several other Insurance companies, how do you know which one offers the best Insurance services in the Kansas City MO area?
Need Kansas City MO Insurance Experts? Then you are in the right place!
But isn’t everyone going to claim they are Kansas City MO Insurance experts? Of course! And that’s why we invite you to review our Kansas City MO Insurance results. That’s also why we are happy to provide reviews for business in and near Kansas City MO.
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Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter. A person or entity who buys insurance is known as an insured or as a policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer’s promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship.
The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.
The Kansas City metropolitan area is a bi-state 14-county metropolitan area straddling the border between the U.S. states of Missouri and Kansas, anchored by Jackson County, Missouri, and Johnson County, Kansas. Its most-populous municipality is Kansas City, Missouri (KCMO). With a population of 2,487,053 (2018 estimate), it ranks as the second-largest metropolitan area in Missouri (after Greater St. Louis) and the largest metropolitan area in Kansas. Alongside KCMO, the area includes a number of other cities and suburbs, the largest being Overland Park, Kansas; Kansas City, Kansas; Olathe, Kansas; and Independence, Missouri; each over 100,000 in population. The Mid-America Regional Council (MARC) serves as the Council of Governments and the Metropolitan Planning Organization for the area.