The Insurance covers in general situations with pure risk - that is, situations that may occur only lose. Include such cases, fires, floods and accidents. People also buy insurance against the kinds of financial losses caused by such an extraordinary dancer has her legs to cover insurance against injury. There are three types of basic insurance sold:
Health Insurance
Fist insurance types, Health insurance paid for all or part of the cost of hospitalization, surgery, laboratory tests, medications and other medical care. And increased the high cost of medical care, the need for adequate health insurance. Is it possible to suffer serious financial difficulties without coverage, particularly in the case of a serious illness or accident.
Dental insurance is one of the fastest growing forms of health insurance. It helps pay for a range of dental services.
Life insurance
Second insurance types, Life insurance that the insurance company will pay a certain sum if the person dies. This can be paid at once or in installments to the beneficiary [of people to call the insurance of the death benefit to receive. Some types of life insurance also enable the insured to save money. Such policies have a cash value. It is permissible for the policyholder to borrow money against the value of money or surrender of the policy cash value.
Pensions
These are savings plans sold by insurers on a fixed income and regular retirement offer. When [retired] annuitant dies before receiving the number of guaranteed payments, the insurance company must continue to pay to the beneficiary.
Dividends
Some insurance companies pay a portion of insurance premiums in the form of dividends. Such a policy called participating policies. The insurance company to pay dividends if the money collected in premiums exceeds the amount needed for benefits and administrative costs. May be subject to earnings a share of the profits on investments made with funds identified. The most common is to pay dividends on life insurance.
Property and liability insurance
Third insurance types, Individuals and business property and liability insurance to protect their property against financial loss to buy. Insurance on the site and provides immediate compensation in the event of damage to property of the policyholder, and destroyed, or lost due to risks. Liability insurance protects individuals and businesses from potential financial losses if their actions cause injury to others or damage to property of others.
The main types of individual coverage are:
* homeowners insurance
* Car
The financial viability of insurance companies
The financial stability and strength of the insurance company that an important consideration when buying insurance contract. Insurance premium paid currently provides coverage for losses that may occur many years into the future. For this reason, the survival of the insurance carrier is very important. In recent years, some of the troubled insurance and have their own insurance policy without coverage (or coverage only from a government-sponsored insurance with benefits less attractive for losses).
