Contract
![](https://www.answerfinancial.com/insurance-center/wp-content/plugins/bb-plugin/img/pixel.png)
The insurance company agrees, for a premium, to provide benefits, reimburse losses or provide services for you as the insured/policyholder. This agreement is called a contract, which is a legally binding agreement between two or more parties enforceable in a court of law.
June 22, 2011