Need for Security and Emergence of Insurance:
Hartford Insurance: In a world full of insecurities caused by the devastation of morals, hazards, and perils, we all crave a sense of security, trust, and integrity. As per Maslow’s hierarchy of needs, we human beings strive for our basic needs to social needs in order to reach a higher self-esteem and cannot move past or look beyond one stage if we haven’t achieved it. After struggling for physiological needs such as food, shelter, and home, the second most important needs to be fulfilled are Safety Needs which include security, stability, and predictability in life.
An individual who has good health, food to eat, a roof to sleep under, and a group of people whom he can confide in and call home, would then always want this status to be stable and secure, he’d inherently want to feel safe and protected. He would want protection of mental and physical health for himself and his family. He would want his source of income and wealth to be stable, progressing, and sufficient. He would want a house and an environment safe from all sorts of crime and potential damage.
Well, protection against all of this can never be promised as we are living in a very uncertain world; where anything could happen in a matter of minutes and take away years of struggle behind certain established statuses, bonds, connections, properties, relationships, and whatnot.
But we human beings do not just stop, being the most intelligent species, we always engage ourselves in finding solutions to our problems. In our race of survival for the fittest we have our own moral compasses where some earn a living by being evil geniuses and some who are blessed are compassionate to the core to help others, which is another debate that we will come back to later on.
For instance, an individual wants to protect his house from any potential risks to it, be it damage done to the house from something as big as a tornado or something as small as a leaking pipe. If he has gotten his house insured by doing a monthly/annual investment, the insurance company will pay for his loss.
What is Hartford Insurance?
We share and transfer the potential risks to our life, health, property, house, and car to somebody else, who evaluates all the possible harms and willingly takes this for us to make us feel that the loss is shared. So, basically, insurance is a risk management plan that people buy to protect themselves against any unforeseen and unexpected turns of events.
Basic Insurance Terms to be acquainted with:
Insured, also commonly known as the Person are the individuals, organizations, and trusts who pay an amount to the Hartford Insurance company to get their losses covered through the insurance policy. Insured individuals are the policy owners; who can exercise their rights and claims to the policy. Whereas the insurer is the company that actually offers the insurance policy by calculating the potential risks and sharing the burden of it. The insurer is also called the principal.
An insurance policy is the legal written contract between the insurer and the policy owner according to which all the insurance terms and conditions are set forth.
An insurance agent is someone who represents only one insurance company and sells their policy to the client and the Insurance broker is the representative of several insurance companies. They have more experience, expertise, and connections. They are capable of employing insurance agents and have more than one responsibility at a time.
Premium is the certain set amount that the policy owner pays for the coverage against the potential damages. This investment leads to the type of insurance the policyholder wants which defines the policy limit of how much sum has been paid and what will be covered by the insurance company.
Types of Insurance:
With the rapid increase in awareness of insurance, there are many different types of insurance introduced that serve the clients accordingly. Considering the two broader categories and their subtypes this article will summarize them for you:
Life insurance is meant to get insured for an untimely death and help the family of the deceased bear with financial struggles. This further comes with different plans i.e. term insurance and whole life insurance.
General insurance: Insurance policies that involve general life matters and safety needs other than life and death fall into this category. Companies like Hartford Insurance cover both types of insurance. The types of general insurance are as follows:
Auto insurance covers your vehicles against unfortunate road accidents and offers liability insurance as well (as Hartford Insurance is best known for this giving its clients several benefits of rewards and discounts). It is one of the most quintessential insurances nowadays.
Another mandatory type is Homeowner’s insurance, which can also be described as the motto of Hartford Insurance goes as to Prepare, Protect, and Prevail over the policy owner against natural calamities or thefts to their property or house. Healthcare insurance pays for one’s medical expenses whereas Education insurance as its name suggests gives you a lump sum for your child’s educational career if you pay your premiums timely.
Living in Hartford, Connecticut, and looking for trustworthy insurance companies?
Not a problem because you’re blessed! As you’re a resident of the capital of insurance we’ve found you the best company with over a valuable experience of more than 2 centuries: The Hartford Insurance Company. It is renowned for its growth-oriented sustainability and integrity and covers property and casualty insurance by winning the hearts and trust of thousands of people.
With star ratings of 4.8 out of 5 in car and business Hartford insurance and 4.6/5 in home insurance, the employee benefit ratings are also dynamic as The Hartford insurance company not only provides its employees with a positive, healthy, inclusive, and diverse work environment but also facilitates them with paid time off and allows them to be a part of greater causes for the community. The Hartford insurance company allows its clients to select from a variety of coverages that suit them.
They also have user-friendly customer service and a very convenient website that allows the users to figure out which policy suits them the best by answering a few questions that are just a few clicks and ta-daa! You get your quotation and policy in the comfort of your home.
The CEO of The Hartford Insurance company mentioned how passionate the team is, to add to society and has introduced several programs like the Junior Marshal program through which they successfully educated around 1.5 million children about the topic of Fire safety.
Similarly, Hartford Insurance has been a generous sponsor to Mayor Brown and is dedicated to providing youth with training in developing new skills from scratch and honing the pre-existing skills that can help them attain certain job opportunities. They have been kind enough to support around 65 non-profit organizations with their labor and funds.
Summary:
In conclusion, insurance not only provides an individual with the help they need in times of crisis but also provides society with the greater good as it helps generate capital and strengthen the economy, companies like Hartford Insurance are setting the bar high by working for several causes be it providing education, awareness, skillset, man-hour labor to non-profit organizations or supporting small businesses. And these are the ones as discussed previously, who have their moral compasses on the right track.