Welcome to Macfarlanegray

Macfarlanegray wants you and your family to have the peace of mind that insurance can provide. Here are some basic questions and answers about insurance:

How does insurance help our community and society in general?
Who buys insurance?
What is insurance and why is it important?

How does insurance help our community and society in general?

Our society could not function effectively without insurance. There would be so much uncertainty, so much exposure to loss that business, as we know it, might not be able to exist. It would be difficult to obtain any type of financing of assets since very few lenders would be willing to risk funds without a guarantee of safety for their investments.

Insurance helps society by protecting assets and minimizing financial risk. Insurance helps by reimbursing people and businesses for covered losses, encouraging accident prevention, providing funds for investment, enabling people to borrow money, and reducing anxiety.

Insurance provides funds to help businesses grow and create jobs. A significant portion of insurance company premiums are invested within our economy which promotes and stimulates economic growth.

Who buys insurance?

The answer to this question is simple. Almost everyone buys insurance. Insurance protects personal assets (home, auto, individual life and health). It also protects business property, employees and the risk of third party suits against your business.

In addition, most states require insurance for automobiles and for employees (workers’ compensation).

What is insurance and why is it important?

Insurance in its many forms touches the life of virtually every person. It provides financial protection for homeowners, renters, car owners, business owners and their employees. It also provides protection for people who suffer personal injuries or property damage at the hands of others. Its value to society is enormous. However, many people don’t fully understand how insurance works or the value associated with insurance.

Insurance is fundamental in our day-to-day lives. Insurance is essentially a system by which risk is transferred by a person, business or organization to an insurance company which reimburses an insured for covered losses. Insurance also provides for the sharing of the cost of losses among all insureds.

By transferring risks to insurance companies, insureds exchange the possibility of large losses with potentially devastating financial effects for smaller, certain and manageable costs (insurance premiums).

We will assist in any way we can by reviewing Insurance so that you have a good idea of what to expect before you purchase. If you have any questions, please feel free to contact us on any insurance related matter.