About The Policy Explainer

Our mission is to demystify insurance and help Americans make informed decisions.

Our Story

The Policy Explainer was founded with a simple goal: to make insurance understandable for everyone. We recognized that many Americans struggle to navigate the complex world of insurance policies, coverage options, and industry jargon.

Our team of insurance professionals, financial experts, and content creators came together to build a resource that explains insurance concepts in clear, straightforward language. We believe that when people understand their insurance options, they can make better decisions to protect themselves, their families, and their assets.

Today, The Policy Explainer serves as a trusted source of insurance information for thousands of Americans, helping them navigate healthcare decisions, auto policies, home coverage, and more.

Our Values

These core principles guide everything we do at The Policy Explainer.

Trustworthiness

We provide accurate, reliable information you can count on. Our content is thoroughly researched and reviewed by industry experts.

Clarity

We translate complex insurance concepts into clear, simple language that anyone can understand, regardless of their prior knowledge.

Impartiality

We present unbiased information to help you make your own decisions. We don't push specific insurance products or providers.

Have Questions? Get in Touch

Our team is here to help with any questions about insurance or our content.

Frequently Asked Questions

Common Questions About Our Service

Insurance is a contract between you and an insurance company that provides financial protection against specific losses or risks. You pay a premium, and in return, the insurer agrees to cover certain costs if a qualifying event occurs. You need insurance to protect yourself from potentially devastating financial losses that could result from unexpected events like accidents, illnesses, natural disasters, or liability claims.

A deductible is the amount you pay out-of-pocket before your insurance coverage begins. For example, if you have a $500 deductible and experience a $3,000 loss, you'll pay the first $500, and your insurance will cover the remaining $2,500. Generally, choosing a higher deductible results in lower premium payments, while a lower deductible means higher premiums but less out-of-pocket expense when you file a claim.

Insurance premiums are calculated based on several factors, including: your risk profile (age, health, driving record, etc.), coverage amount and type, deductible level, location (different regions have different risk levels), claims history, credit score (in many states), and industry data on similar risks. Insurance companies use statistical models to determine the likelihood you'll file a claim and price your policy accordingly.

An insurance agent represents one or more specific insurance companies and sells policies on their behalf. They work for the insurer and are typically paid through commissions. An insurance broker, on the other hand, works for you (the client) and shops around different insurance companies to find you the best coverage and rates. Brokers typically have access to more options but may charge fees or still earn commissions from insurers.

To file an insurance claim: 1) Report the incident immediately to your insurance company through their website, mobile app, or by calling their claims department. 2) Document everything related to the incident (photos, videos, police reports, medical reports). 3) Fill out the claim forms provided by your insurer with accurate information. 4) Submit all required documentation. 5) Work with the assigned claims adjuster who will evaluate your claim. 6) Follow up regularly until your claim is resolved.