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Legal Aid

Types of Insurance

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The types of insurance vary widely; their primary aim is to allocate the risks of a loss from the individual to a great number of people. Regardless of whether the particular individual suffers the loss or not the premium is not returnable. Thus, when a building burns down, the loss is spread to the people contributing to the pool. In general, insurance companies are the safe keepers of the premiums. Because of its importance in maintaining economic stability, the government and the courts use a heavy hand in ensuring these companies are regulated and fair to the consumer. Types of Insurances are as follows:-

Auto Insurance : Car insurance is the most common form of insurance. It is a contract between you and an insurance company. Insurance Company that can protects you against financial loss if you are ever in an auto accident.

Life Insurance : Life Insurance is simple and less expensive form of Insurance that protects your family after your death or at the time of financial crises, and it is better than any other form of investments. Life insurance is a good method of making ones future secure.

Health Insurance : Health Insurance is a form of insurance that provide periodic payments, in the event of loss by bodily injury, sickness or disease. It is a kind of insurance whereby the insurer pays the medical expenses of the insured if the insured becomes sick due to covered causes, or due to accidents.

Home Insurance : Home Insurance or Homeowners Insurance provides coverage in the event of damage to your property, as well as liability for injuries and damage you cause to other people or it provides financial protection against disasters.

Credit Insurance : Credit Insurance is an insurance policy that protects the loan on the possibility that you cant make your payments. Credit insurance generally is voluntary, which means you dont have to purchase it from the lender. It can also cover the risk or danger that a purchaser pays extremely not on time.

Annuity Insurance : Annuity is a long-term financial retirement investments that protect you from the hazard, peril or risk. An Annuity is a contract between you and the insurance company, under which you make lump-sum payments.

Dental Insurance : Dental Insurance is insurance planned to pay the costs linked with dental care. Dental insurance pays a portion of the bills from dentists, hospitals, and other providers of dental services and protects people from high expenses.

Property Insurance : Property Insurance is insurance on real property for protection against most risks, hazards, and perils or causes of loss, such as fire, theft, and some storm and weather damage or in other words, events that do damage are known as perils or causes of loss, and include weather-related events such as lightning strikes or hail, or human causes such as robbery or vehicular accidents.

Workers Compensation Insurance : Workers Compensation is a form of insurance that provides protection to workers and their employers in the event of a workplace-related injury or disease also provides death benefits to the survivors in case of a fatality or crime.

Long Term Care Insurance : Long-Term Care is the assistance you may need when you are unable to perform the basic activities of daily living such as dressing, bathing, eating, toileting, getting in and out of a bed or chair, and walking. You might need assistance, if you suffer from an injury like a broken hip, an illness, and a stroke or from advanced age and weakness.

Business Insurance : Business Insurance refers to a wide variety of insurance overages that can reduce or compensate for coverage to risk for the business or its employees.

Crime Insurance or Fidelity Insurance : Crime Insurance coverage is designed to protect your business in the event of loss due to burglary, robbery, fraud, and/or employee dishonesty.

Fire Insurance : Fire Insurance against loss or damage by fire to specific property. May also include other coverage and covers your homes structure, or fixing and fittings, against hazard and provides you with the financial resources to replace what you have lost, so that you can get back to normal as soon as possible.

Disability Insurance : Disability Insurance pays an insured person an income when that person is unable to work because of an accident or illness. Disability insurance, often called disability income insurance, is a form of insurance that insures the beneficiarys earned income against the risk that disability will make working impossible.

Group Insurance : Group Insurance is insurance that is consist of a group of people, usually that they are members of societies, employees of a common employer, or professionals in a common group and it provides health or dental or other benefits to its, as employees of one or more employers or members of associations or labor unions.

Title Insurance : Title Insurance is an insurance policy to guarantee your ownership against claims, liens or encumbrances that might arise after your purchase or loan has been finished. Title insurance protects ownership interests in the real property.

Mortgage Insurance : Mortgage Insurance refers to an insurance policy that guarantees repayment of a mortgage loan in the event of death or, possibly, disability of the mortgagor.

Travel Insurance : Travel Insurance is insurance that is planned to cover financial and other losses incurred while traveling, either within ones own country, or internationally. Travel insurance can generally be set at the moment of booking of a journey to cover accurately the period of that trip.

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Above Information might be usefull for all the states in US & Canada as below;

Alabama(AL), Alberta(AB), Arizona(AZ), Arkansas(AR), British Columbia(BC), California(CA), Colorado(CO), Connecticut(CT), Delaware(DE), District of Columbia(DC), Florida(FL), Georgia(GA), Hawaii(HI), Idaho(ID), Illinois(IL), Indiana(IN), Iowa(IO), Kansas(KS), Kentucky(KY), Louisiana(LA), Maine(MN), Maryland(MD), Massachusetts(MA), Michigan(MI), Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada(NV), New Hampshire(NH), New Jersey(NJ), New Mexico(NM), New York(NY), North Carolina(NC), North Dakota(ND), Ohio(OH), Oklahoma(OK), Ontario(ON), Oregon(OR), Pennsylvania(PA), Rhode Island(RI), South Carolina(SC), South Dakota(SD), Tennessee(TN), Texas(TX), Utah(UT), Vermont(VT), Virginia(VA), Washington(WA), West Virginia(WV), Wisconsin(WI), Wyoming(WY)

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