I love insurance. I beleive in being over insured. It is a means of protection from a financial loss.
What do you mean by over insured?
More coverage than needed. A place that provides insurance is known as an insurer, insurance company or carrier.
And you think having more than you need is a good thing?
The amount of money a carrier charges for coverage is called a premium.
right,do you think premiums are too high?
The insured receives a contract called a policy. It has specifications and regulations and limits.
Are you familiar with the Turing test?
No I not. A person who purchases insurance is a policy holder.
Yes this is all true, I can read wikipedia, also I have insurance so know all this