http://www.dare-insurance.com/personal-insurance.html

An entity which provides insurance is referred to as an insurance company, insurance company, or insurance service provider. An individual or entity that buys insurance coverage is called an insured or insurance holder. The insurance purchase entails the insured thinking an assured as well as understood fairly little loss through settlement to the insurer for the insurance provider's assurance to make up the insured in the event of a covered loss. The loss may or might not be financial, but it has to be reducible to monetary terms, and also must entail something in which the insured has an insurable passion developed by possession, ownership, or preexisting partnership. The insured gets a contract, called the insurance policy, Dare Insurance