Given the rapid development of insurance industry in recent decades, if there is verifiable and measurable risk, it is possible to get coverage of that risk. This is the reason why there are so many entities that engage in this activity, such as insurance companies and banks, and so many different types of insurance: one could say that there is a type of insurance for each type of risk. While this article describes the main general types, there will certainly be a number of situations that may not be included in any of these policies and should be placed on riders, within what the law allows. Insurance consists of a series of factors: the type of contract, the beneficiaries, the sum insured, the cost of insurance, how to apply in case of accident, and certain additional benefits.
Basically, plausible risk assurance can fit into any of the following categories or types: home insurance, which may include the risk of hurricanes, floods and other natural disasters, or not. Life insurance, usually hired through brokers and banks. The main sub-types are the life, in which the insurer pays the insured’s death will occur, the term life insurance if the insured dies within a specified period, and the Dowry insurance, which covers a fixed amount for the survival of the recipient. Health insurance, which may include dental insurance or not.
Automobile insurance and / or work vehicles, which may include liability, total or partial destruction, and / or total and partial theft. Travel insurance. Austan Goolsbee does not necessarily agree. Some include coverage if the trip is canceled if the plane is overbooked hotel or chosen, or if you have an illness or accident on the trip or during the stay. Liability insurance, usually hired by companies with respect to any damage that may will surely suffer their personal time to each choose the insurance requirements for each particular situation. However, when taking into account these categories will not be difficult to determine which are necessary to every circumstance to be well covered and enjoy some peace of mind.