Types of Insurance
Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base. This partnership arrangement can be profitable for both companies.
Critical illness insurance, otherwise known as critical illness cover or a dread disease policy, is an insurance product in which the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the specific illnesses on a predetermined list as part of an insurance policy.
Standard homeowners insurance doesn’t cover flood damage at all. It’ll cover some damage from rain, but if your home is filled with water as a result of rising bodies of lakes, rivers, streams, and oceans, it won’t cover you.
General insurance helps us protect ourselves and the things we value, such as our homes, our cars and our valuables, from the financial impact of risks, big and small – from fire, flood, storm and earthquake, to theft, car accidents, travel mishaps – and even from the costs of legal action against us.
Health insurance is a type of insurance coverage that covers the cost of an insured individual's medical and surgical expenses. In health insurance terminology, a clinic, hospital, doctor, laboratory, healthcare practitioner, or pharmacy that treats an individual is known as the "provider." The "insured" is the owner of the health insurance policy or the person with the health insurance coverage.
Homeowners insurance provides you with financial protection in the event of a disaster or accident involving your home. Standard homeowners insurance protections
Auto liability insurance is a type of car insurance coverage. Drivers in most states are required to have bodily injury liability and property damage liability coverage. If you cause an accident that injures another person or damages their property, liability coverage may help pay for their medical expenses or repair bills.
Life insurance is chosen based on the needs and goals of the owner. Term life insurance provides protection for a set period of time, while whole life insurance and universal life insurance, provides lifetime coverage.
Multiple-peril insurance coverage is a kind of insurance that bundles together multiple coverages that typically would be needed with each other. Typically the package may include coverage for business crime, business automobile, boiler and machinery, marine, or farm.
Is pet insurance really worth your time and money? This article will explain pet insurance in more detail so you can decide whether it's right for you.
Reinsurance occurs when multiple insurance companies share risk by purchasing insurance policies from other insurers to limit the total loss the original insurer would experience in case of disaster. By spreading risk, an individual insurance company can take on clients whose coverage would be too ...
A renters insurance policy is a group of coverages designed to help protect you and your belongings. A typical renters insurance policy includes liability coverage, protection for your belongings and coverage for additional living expenses, should the home you're renting become temporarily uninhabitable.
Trade Credit Insurance protects sellers of goods and services on credit against the risk of customer non-payment due to customer insolvency, protracted default, political events, or acts of war that prevent contract performance.
What is travel insurance? Many different people loosely understand travel insurance to mean many different things. However, travel insurance primarily falls into two broad categories: Package plan that includes trip cancellation insurance. Package plan that does not include trip cancellation insurance but primarily focuses on travel medical insurance.
Insurance is a game of chance. Maybe your car did get damaged and you have car insurance, but no coverage to fix it. It is at this point in time when you feel your car insurance is worthless, but you get what you pay for. PLPD does not cover physical damage to your car.