We have actually never written any article about insurance but lately we’ve realised its importance and how our readers will benefit from it.
The question remains; what is insurance? Some people know about insurance, some don’t even want to know what its all about, i bet you it is important insurance and get your properties insured.
The term “Insurance” means to insure or give cover to an individual or a group for a specific purpose. On the basis of the function, an insurance policy can be classified into several types. Let discuss on some Types of insurance you might not know or be conversant with.
3 Types Of Insurance You Might Not Know About
1. Commercial Insurance: In a company there are several needs of insurance policies. Most companies have several policies that are specifically designed to protect the assets, vehicles, machines, business, employees and other unseen losses. These policies help them to fulfill the immediate requirements.
2. Travel Insurance: As the name suggests the policies gives cover while one is on a trip. So, when you are on the trip all your worries will be taken care of by the insurance from sudden medical expenses to loss of passport, baggage, delay of flight, etc. You can have a safe and trouble-free journey with them.
3. Personal Accident Insurance: This kind of cover is recommended to one to cope with accidental deaths. Life insurance already covers this part. But when a person gets disabled and losses his or her earning capacity either partially or totally, then the personal accident insurance can be helpful.
Awesome right? If you know about other types of insurance that people might not know about, do let us know in the comment section below.