You may think there are only life, automobile, and health insurances that you can buy, but there are many more insurance products that may fit your needs. They range from retirement to trip cancellation kind of policies. A reputable insurance company should be able to sell you any of these products.
Health policies help in footing a proportion of hospital bill and maybe doctor check-ups and costs of drugs prescribed for. A good health policy covers you and your entire family.
Life cover usually comes in two different types, whole life and term life. Whole life combines cover with an investment strategy, such as bonds or money market instruments. Dividends are paid from these investments and added to the face value. Term life pays only the face value of the policy upon death.
In case of calamity or theft of your automobile, automobile cover will cater for such situations. Your vehicle and other person's vehicle will be covered by collusion policy just in case you caused an accident. In liability policy, only the other vehicle will be covered if you are the one who caused the accident. Underinsured or uninsured type of motorist cover, caters for property and vehicle which get damaged when the two drivers are found at fault or either of them is underinsured or not insured.
Retirement policy, or an annuity, is a contract to make payments to an account. After you retire, a sum will be paid to you for the rest of your life. Annuities are normally a stable and safe form of retirement savings.
If you own a business, then you need business coverage. This covers property destruction by fires or theft. Also some policies cover the employees' claims of compensation against injuries in the course of duty and also contractual terms.
Trip cancellation policy can cover travel and ticket costs when you cannot go on a long-planned vacation due to an illness or death in the family. It can even cover you if the cruise line or airline goes out of business.
Umbrella coverage is a policy that covers and protects you or your business against unexpected losses due to large settlements or by exhausting the liability limits on any of your policies. It covers unexpected accidents in your vehicle and on your property that exceeds the liability limits which may be in the thousands of dollars. This extra coverage would have to bought in addition to other policies.
It is good to be aware of the various insurance products available. Majority of the policies will have a deductible that must be paid before the policy becomes effective. You can get information of the various options available from the internet or by contacting an agent.
Health policies help in footing a proportion of hospital bill and maybe doctor check-ups and costs of drugs prescribed for. A good health policy covers you and your entire family.
Life cover usually comes in two different types, whole life and term life. Whole life combines cover with an investment strategy, such as bonds or money market instruments. Dividends are paid from these investments and added to the face value. Term life pays only the face value of the policy upon death.
In case of calamity or theft of your automobile, automobile cover will cater for such situations. Your vehicle and other person's vehicle will be covered by collusion policy just in case you caused an accident. In liability policy, only the other vehicle will be covered if you are the one who caused the accident. Underinsured or uninsured type of motorist cover, caters for property and vehicle which get damaged when the two drivers are found at fault or either of them is underinsured or not insured.
Retirement policy, or an annuity, is a contract to make payments to an account. After you retire, a sum will be paid to you for the rest of your life. Annuities are normally a stable and safe form of retirement savings.
If you own a business, then you need business coverage. This covers property destruction by fires or theft. Also some policies cover the employees' claims of compensation against injuries in the course of duty and also contractual terms.
Trip cancellation policy can cover travel and ticket costs when you cannot go on a long-planned vacation due to an illness or death in the family. It can even cover you if the cruise line or airline goes out of business.
Umbrella coverage is a policy that covers and protects you or your business against unexpected losses due to large settlements or by exhausting the liability limits on any of your policies. It covers unexpected accidents in your vehicle and on your property that exceeds the liability limits which may be in the thousands of dollars. This extra coverage would have to bought in addition to other policies.
It is good to be aware of the various insurance products available. Majority of the policies will have a deductible that must be paid before the policy becomes effective. You can get information of the various options available from the internet or by contacting an agent.
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