Insurance
Insurance is most valuable thing for our lives becouse we don't know what incident will do next minute and next hour so very useful thing insurance is maninly
Life Insurance
Vehicle Insurance
Property Insurance
Travel Insurance
Credit Insurance
Third Party Insurance
lets see one bye one now
Life Insurance
To begin ,term life insurance is different than whole life insurance ,
becouse it is temporary
Term life provides temporary protection for a specific number of years, usually 10, 15, 20 or 30 years.
There is no investment or cash value that builds within a term life policy. You pay only for the life insurance protection.
That's one of the main reasons term life insurance is so affordable, and much less expensive than whole life insurance.
Term life insurance provides the maximum amount of life insurance at the lowest cost. However, if you outlive the term of your policy, your coverage ends. That's why you need to consider getting term life that is renewable, meaning you can renew your policy when it expires.
Vehicle insurance is the protection you need in case you are in an accident with another
car, pedestrian, or stationary object.Just as with any other insurance policy you have, you
will pay a fee, or “premium,” that will cover you in case of this unexpected event. This
legal agreement, between the insured and insurance company, is the promise that in exchange
for a premium, the company will pay for repairs or reimbursement of coverage. In the event
that you do not have an accident, the insurance company keeps the money you have paid;
however, overall, the long-term benefits of having coverage far outweigh the negative. As
such, states have established minimum requirements owners must meet in order to have their
vehicles on the road. Vehicle insurance, otherwise known as car or motor insurance, also
provides coverage for motorized vehicles such as boats and motorcycles.
Property Insurance
Property insurance covers a business's building and its contents -- money and securities, accounts-receivable records, inventory, furniture, machinery, supplies and even intangible assets such as trademarks -- when damage, theft or loss occurs.
Some insurance companies offer property insurance by named peril, such as fire and theft. Others offer policies that cover multiple perils. Most basic multiple-peril policies include losses caused by fire and theft, but business owners can purchase additional types of coverage if they need it. For example, a business in the Midwest or on the East Coast may want to purchase coverage for snow, ice or sleet damage, while businesses on the West Coast may consider an earthquake-insurance policy.
Businesses with good loss-control measures and claim histories often pay lower insurance premiums than companies with risky procedures and poor claims histories. Taking steps to prevent loss — hiring security personnel to prevent shoplifting, installing a sprinkler system to contain fires or using an alarm system to protect against theft — can help control the cost of property insurance.
Type of Coverage After Disaster
Many businesses purchase property insurance through a business-owner's policy (BOP), which bundles property and liability insurance into one policy; however, since the amount of coverage available in a BOP is generally lower than in a standard property-insurance policy, companies that require a lot of coverage usually stick with a separate policy.
Some BOPs also include business-interruption insurance and extra-expense insurance -- two types of optional coverage in a property insurance policy that protect a business after a loss occurs.
Business-interruption insurance provides payments for expenses such as salaries, taxes and debts, as well as any loss of profit due to the interruption of business.
Extra-expense insurance pays the costs of temporarily relocating a business when a covered peril occurs. For example, if a fire destroys a clothing store, extra-expense insurance will pay for a business to resume operations and cover such expenses as buying or leasing equipment, getting new merchandise and notifying customers about changes that have occurred.
