What Is Insurance? And here's the obligatory types of insurance are known

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What Is Insurance? And here's the obligatory types of insurance are known

What is insurance? Insurance is an agreement between two or more parties with which the insurer committing yourself to the consumer or the insured with the insurance premiums received to provide reimbursement to the insured because of the loss, damage or lost profits expected, or legal liability to third parties which may be suffered by the insured arising out of an event that is not definitely, or to provide a payment based upon the death or her life someone on the cover.

Then the following are the types of insurance you need to know, among other things;

1. Insurance Education


Insurance education insurance whose existence is considered very important. That is because the community thought that insurance education is a smart insurance can ensure a better education.

2. Life insurance


Some people think that this type of life insurance is the same as health insurance. Life insurance is a type of insurance that provides life insurance is a type of insurance that guarantees over the death of a person who is insured by giving a financial profit. There are several insurance companies that provide payment only after someone dies and there are also companies that provide payment before the person died.

3. Health insurance


These types of insurance are quite popular, where health insurance is an insurance that provides bearing against the health problem in the result by the disease. This health insurance company providing services to members of the care insurance which covers protect and bear on the illness, disability, injury, and other things in the aftermath by disease or accidents.

4. Vehicle insurance


Many people who have vehicles or luxury cars requiring his personal vehicle with vehicle insurance. Vehicle insurance is a type of insurance which provides insurance against vehicle suffered damage, loss, etc.

5. Business Insurance


Business insurance is insurance that guarantees the insured parties with business activity. Is there any kind of service includes damage, loss, and losses in an amount large enough but in customizing with policies agreed upon insurance companies. Business insurance is generally owned by companies such as manufacturing companies, service, trade, and so on which its business activities have risks.

6. Insurance Properties


This type of insurance generally provides services against the shield cover homeowners from the risk of damage to private property, such as shelter, and damage to personal belongings. This includes insurance services protect and provide relief if it happens one day in an accident at home or in goods accepted as wag and others.

In addition to the six types of companies is still a lot of various additional insurance with different features depending on the insurance services offered.


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