Home :: Insurance Related Articles
Heath, Life and
Auto Insurance Related Information
What is insurance?
Insurance is the
business of providing protection against financial aspects of
risk, such as those to property, life and health. The insured
makes payments called "premiums" to an insurer, and in return is able to claim a
payment from the insurer if the insured suffers some kind of loss.
History of Insurance
Insurance has been an institution of human society for thousands of years,
having been practiced by Babylonian traders as long ago as the 2nd millennium
BCE.
Types of Insurance
Property insurance, which 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.
Auto insurance, which insures against
accidents, not necessarily tied to any specific piece of property.
Liability insurance, which covers legal claims against the insured. For example,
a doctor may purchase insurance to cover any legal claims against him if he were
to make a mistake in treating a patient.
Health Insurance
is one of the most controversial
forms of insurance because of the conflict between the need for the insurance
company to remain solvent versus the need of its customers to remain healthy
Life Insurance
As well as paying out a sum of money on death, many life insurance contracts
also pay out a sum of money after a given time
Other Articles
How to File a Life Insurance Claim
Filing the life insurance claim can seem frustrating and difficult but it can
alleviate great economic burdens for surviving (beneficiary) family members.
Auto Accident, a spectator sport?
Your auto insurance just might cover an auto accident you had nothing to
do with!
Even more Insurance Articles
|
Webmasters!
