TYPES OF INSURANCE

There are many types of insurance. Here we will discuss the most common types of insurance. Each type of insurance protects th e insured from a different type of financial loss.

Life Insurance – In this type of insurance, the company provides money to the insured’s beneficiary when the insured dies.

Health Insurance – This type of insurance covers medical and hospitalization bills of the policyholder.

Long-term Care Insurance – This type of insurance covers the person’s expenses relating to nursing and hospitalization for the elderly.

Disability Insurance – This type of insurance provides income in case the insured becomes disabled and is unable to work.

Personal Property Insurance – This type of insurance covers the property against damages.

Home Owner's Insurance – This type of insurance covers damages to the insured’s house.

Automobile Insurance – This type of insurance covers the insured’s car and passengers against damages.

Other types of Insurance – There are also some other types of insurances related to the Business, Disaster, Travel, etc.