Insurance Making Forums

Auto insurance protects you against financial loss if you have an accident. It is a contract between the insured and the insurance company. You agree to pay the premium and the insurance company agrees to pay losses as defined in the policy.

Home insurance provides compensation for damage or destruction of a home from disasters. In some geographical areas, the standard insurances exclude certain types of disasters, such as flood and earthquakes, that require additional coverage. Maintenance-related problems are the homeowners' responsibility. The policy may include inventory, or this can be bought as a separate policy, especially for people who rent housing

Health insurance policies by the National Health Service in the United Kingdom (NHS) or other publicly-funded health programs will cover the cost of medical treatments. Dental insurance, like medical insurance, is coverage for individuals to protect them against dental costs.

Total permanent disability insurance provides benefits when a person is permanently disabled and can no longer work in their profession, often taken as an adjunct to life insurance.

Political risk insurance is a form of casualty insurance that can be taken out by businesses with operations in countries in which there is a risk that revolution or other political conditions will result in a loss.

Life insurance provides a monetary benefit to a decedent's family or other designated beneficiary, and may specifically provide for income to an insured person's family, burial, funeral and other final expenses. Life insurance policies often allow the option of having the proceeds paid to the beneficiary either in a lump sum cash payment or an annuity.

Property insurance provides protection against risks to property, such as fire, theft or weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, inland marine insurance or boiler insurance.

Liability insurance is a very broad superset that covers legal claims against the insured. Many types of insurance include an aspect of liability coverage.

Credit insurance repays some or all of a loan when certain things happen to the borrower such as unemployment, disability, or death.

Collateral protection insurance or CPI, insures property (primarily vehicles) held as collateral for loans made by lending institutions.

Fraternal insurance is provided on a cooperative basis by fraternal benefit societies or other social organizations

Insurance companies may be classified into two groups: * Life insurance companies, which sell life insurance, annuities and pensions products. * Non-life, General, or Property/Casualty insurance companies, which sell other types of insurance.

Advanced economies account for the bulk of global insurance.

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Risk management can therefore be considered the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities.

An automobile, motor car or car is a wheeled motor vehicle used for transporting passengers, which also carries its own engine or motor.

Politics is a process by which groups of people make collective decisions.

Written reports are documents which present focused, salient content to a specific audience. Reports are often used to display the result of an experiment, investigation, or inquiry.

A business (company, enterprise or firm) is a legally recognized organization designed to provide goods and/or services to consumers.

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