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Dare Insurance in Charlotte NC An entity which provides insurance coverage is known as an insurance provider, insurance business, or insurance service provider. An individual or entity who buys insurance policy is called an insured or insurance policy holder. The insurance coverage deal entails the insured assuming a guaranteed and also recognized relatively little loss through repayment to the insurance company in exchange for the insurer's guarantee to make up the guaranteed in the event of a covered loss. The loss may or may not be monetary, but it must be reducible to monetary terms, and must include something where the insured has an insurable interest set up by ownership, ownership, or preexisting relationship. The insured receives an agreement, called the insurance coverage, Auto Insurance Charlotte