Insurance Plans Explained |
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Insurance Plans Explained One-by-One There are many types of insurance policies covering a wide range of possible risks that an individual or a group might want to insure against. These are all designed to help financially cope against these risks. Examples of common insurance plans are • the home insurance • the auto insurance • the life insurance • the disability insurance • the property insurance • the liability insurance • the credit insurance • and the health insurance Covered under health insurance are medical expenses, sometimes including disability and the cost of long-term care. Credit insurance has two kinds of policies, the business credit insurance, and the life credit insurance. Liability insurance covers public liability, product liability, and employer’s liability. Property insurance covers such risks as fire, flood, earthquake, and theft. Some of these risks need specialized policies and might not be included in a general type of property insurance plan. Disability insurance protects against the possibility of an injury that prevents the earning of income. It is also called disability income insurance. Life insurance gives the option of paying an insurance claim to beneficiaries of the policyholder in the event of his death. Auto insurance, motor insurance, or vehicle insurance, is a type of risk management plan that will protect against expenses in the event of vehicular accidents. Home insurance, homeowners insurance, HOI, or hazard insurance, is the type of insurance that hedges against risks to homes. All these insurance plans have their own particulars within each of these plans. An agent will be able to explain them a lot more comprehensively. | ||||||
| Last Updated ( Saturday, 05 September 2009 ) | ||||||
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