Insurance Companies
Insurance companies are among the best revenue earner among all the companies on this planet. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment.
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured, or policyholder, is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
AUTO INSURANCE / CAR INSURANCE
Auto insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision.
Coverage typically includes:
Property coverage, for damage to or theft of the car;
Liability coverage, for the legal responsibility to others for bodily injury or property damage;
Medical coverage, for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
HOME INSURANCE
Home insurance provides coverage for damage or destruction of the policyholder's home. In some geographical areas, home insurance may exclude certain types of risks, such as flood or earthquake, that require additional coverage. Maintenance-related issues are typically the homeowner's responsibility. Home insurance may include inventory, or this can be bought as a separate policy, especially for people who rent housing. In some countries, home insurers offer a package which may include liability and legal responsibility for injuries and property damage caused by members of the household, including pets.
HEALTH INSURANCE
Health insurance policies cover the cost of medical treatments.
e.g Cancer, Mesothelioma, etc
Dental insurance, like medical insurance, protects policyholders for dental costs. In the U.S. and Canada, dental insurance is often part of an employer's benefits package, along with health insurance.
(SOURCE: WIKIPEDIA)
Insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured, or policyholder, is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.
AUTO INSURANCE / CAR INSURANCE
Auto insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision.
Coverage typically includes:
Property coverage, for damage to or theft of the car;
Liability coverage, for the legal responsibility to others for bodily injury or property damage;
Medical coverage, for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
HOME INSURANCE
Home insurance provides coverage for damage or destruction of the policyholder's home. In some geographical areas, home insurance may exclude certain types of risks, such as flood or earthquake, that require additional coverage. Maintenance-related issues are typically the homeowner's responsibility. Home insurance may include inventory, or this can be bought as a separate policy, especially for people who rent housing. In some countries, home insurers offer a package which may include liability and legal responsibility for injuries and property damage caused by members of the household, including pets.
HEALTH INSURANCE
Health insurance policies cover the cost of medical treatments.
e.g Cancer, Mesothelioma, etc
Dental insurance, like medical insurance, protects policyholders for dental costs. In the U.S. and Canada, dental insurance is often part of an employer's benefits package, along with health insurance.
(SOURCE: WIKIPEDIA)
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