Insurance is the profit of risk management used to safeguard an individual against the risk of potential financial loss. Insurance transfers equitably the risk of potential loss from one entity to another in exchange of a reasonable fee.
Types Insurance you can buy
1) Automobile Insurance: Automobile Insurance can insure both legal liability claims against the driver and loss of damage to vehicle itself.
2) Casualty Insurance: This can insures a person against accidents, not of necessity joined to any specific property.
3) Credit Insurance: To pay a few or every one of a loan back when certain things occur to the borrower such as – bankruptcy, disability, unemployment or death.
4) Health Insurance: This insurance will covers medical bills incurred because of illness or accidents.
5) Life Insurance: To give a cash profit to the decedent’s family members or beneficiaries and might specially provide for burial and other expenses.
6) Liability Insures: To insures legal claims against the insured.
7) Locked Funds Insurance: To protects funds from getting tampered by unauthorized parties.
8) Political Risk Insurance: To useful in countries anywhere present a risk of political revolution, military coups, riots and other political conditions which be likely to effect in loss.
9) Professional Indemnity Insurance: To mandatory requirement for expert practitioners (Like Lawyers, Accountants, Doctors, and Architects) to protect their interests against potential negligence claims.
10) Property Insurance: To give protection against risk to property. Earthquake Insurance, Food Insurance, Fire Insurance, and Home Insurance will come in Property Insurance.
11) Title Insurance: This type of insurance provides guarantee that title to real property is vested in the buyer/ mortgager free and clear of liens or encumbrances.
You can get the help from insurance company, insurance groups or insurance brokers.
12) Travel Insurance: Is usually taken by persons, who travel abroad, it covers certain losses such as medical insurance and theft.
13) Workers Compensation Insurance: To replaces all or a part of a worker’s wages lost and accompanying medical expense incurred due to a work-related injury.
You can get the help from insurance company, insurance groups or insurance brokers.
Insurance company’s releases insurance quotes of their company for every six months. Some insurance companies offer insurance jobs.
Friday, November 13, 2009
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