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.
You and your entire family can be covered when you buy health insurance. It caters for a portion of your medical bill. Prescription drugs can also be covered by some health policies.
Life coverage is of two different types. We have the term and whole life cover. Whole life cover involves an investment strategy, like bonds and money market instruments. Payment of dividends is done from these investments and then they are added to the face value. In term life, the face value is only paid 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.
For retirement security and welfare, annuity or retirement policy is available. This policy is a form of contract of payment to your pay after retirement. It helps one to continue receiving regular payments even after retirement. It is one of the secure and stable ways of saving for retirement.
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 insurance covers travel and ticket costs. This can be when you are sick and you can not for a long vacation that you had planned. It can also cover you when the airline or cruise line is out of business.
In case you are generously endowed and you fill that your existing policies are not sufficient to cover all your properties, you need an addition policy called umbrella cover. Normally it covers excesses in your policy including unexpected business losses and car accidents that may exceed your liabilities.
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.
You and your entire family can be covered when you buy health insurance. It caters for a portion of your medical bill. Prescription drugs can also be covered by some health policies.
Life coverage is of two different types. We have the term and whole life cover. Whole life cover involves an investment strategy, like bonds and money market instruments. Payment of dividends is done from these investments and then they are added to the face value. In term life, the face value is only paid 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.
For retirement security and welfare, annuity or retirement policy is available. This policy is a form of contract of payment to your pay after retirement. It helps one to continue receiving regular payments even after retirement. It is one of the secure and stable ways of saving for retirement.
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 insurance covers travel and ticket costs. This can be when you are sick and you can not for a long vacation that you had planned. It can also cover you when the airline or cruise line is out of business.
In case you are generously endowed and you fill that your existing policies are not sufficient to cover all your properties, you need an addition policy called umbrella cover. Normally it covers excesses in your policy including unexpected business losses and car accidents that may exceed your liabilities.
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.