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Types of insurance services - Understand insurance

Always financial risk happens in humans’ life with uncertain loss. Guards are the best treatment that can protect you from all risks in your life. The guards I refer insurance, is the best options to protect you and your property from uncertain loss through compensation from an insurance companies. In this article, I’ll be explaining some insurances services provided by different insurance companies.


What is Insurance?

Insurance is the one way of protecting yourself and your property from financial risk especially if anything happen and regards to uncertain loss. As you an insured you will need to buy insurance from your favourite insurer depending on how they attract according to the services provided by them.

The insurer (insurance companies) will guarantee you as an insured (one’s buying insurance) a compensation in the event covered loss. The loss is not necessary to be financial loss only, but whatever the case it must reducible to financial terms.

Insurances services is much growing fast all over the countries around the world because of increasing uncertainty loss with citizen need to get an insurance for their life, motor car, health, property and much more.

Several insurances services are offered by insurances companies all over the world some insurance services are like: Accident insurance, Home insurance, Business insurance, Auto insurance, Health insurance, Life insurance, Property insurance, Income protection insurance, Casualty insurance, Liability and Credit insurance and much more.Here are some types of insurances.

Accident insurance

As you an insured after you purchase an accident insurance will covers both the property risk such as theft, damage to the vehicle and any liability risk arising from an accident.

Home insurance

You will need to purchase Home insurance so that you can protect your house if anything uncertain happen such as fire, and more. The insurer (insurance companies) will cover all damage happen and owner (an insured) also. Also will cover any legal claim raised by home owner and if happen small amount of coverage for medical expense of guests who injured on the owners property.

Auto insurance

After you Purchase auto insurance, an insurer will protect you from financial loss happen due to incident involving a motor car. The coverage to an insured are as follows: will cover damage to or theft of the car, medical coverage, for the cost of treating injuries, funeral expense, rehabilitee

Health insurance

Oh, everyone get sick and now day’s medical expense are too high. In our life is too difficult for you to handle the medical expense in direct pay. So I advise you to purchase health insurance right now after reading this article.

When you purchase a health insurance, an insurer will cover the cost of medical treatments. Also you may need to purchase dental insurance that will protect you from dental cost.

Property insurance

No one can run from property risk because, usually property risk are not man made. It happens without even knocking your door, police and military officer can’t do anything with their missiles defences, gun and more and our government cannot detect and prevent, so make sure you purchase property insurance for your own sake.

After you purchased property insurance an insurer provides protection against risk to property such as fire, theft or weather damage. Property insurance is categorized into.

Fire insurance: an insurer covers the all the damage and loss caused by fire. 

Flood insurance: 

Flood has taken life of our fellow also causes several injured to our friends and relatives; others have lost their property so to ensure you’re in right path you will need to purchase Flood insurance that covers all the damage and loss caused by flood like your home.

Earthquake insurance

Earthquake (the sudden movement of the earth’s surface from Cambridge dictionary meaning). Usually earthquake cause severe damage to our life and loss of property like houses, injuries. So an insurer covers all the damage caused by earthquake.

Burial insurance

When you purchase burial insurance the insurer covers everything required on your funeral.

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