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An entity which provides insurance policy is referred to as an insurance provider, insurance business, or insurance carrier. An individual or entity that purchases insurance policy is referred to as an insured or insurance holder. The insurance purchase entails the insured presuming a guaranteed and also recognized fairly little loss in the form of repayment to the insurance company in exchange for the insurance provider's pledge to make up the insured in case of a covered loss. The loss might or might not be economic, however it must be reducible to financial terms, and need to include something where the insured has an insurable interest developed by ownership, possession, or preexisting connection. The insured gets a contract, called the insurance plan, Find Insurance Companies in Charlotte NC