TYPES OF INSURANCE

There are many types of insurance. Here we will discuss the most common types of insurance. Each type of insurance protects the insured from a different type of financial loss. 

• Life Insurance – In this type of insurance, the company provides money to the insured’s beneficiary when the insured dies.

• Health Insurance – This type of insurance covers medical and hospitalization bills of the policyholder. 

• Long-term Care Insurance – This type of insurance covers the person’s expenses relating to nursing and hospitalization for the elderly. 

• Disability Insurance – This type of insurance provides income in case the insured becomes disabled and is unable to work. 

• Personal Property Insurance – This type of insurance covers the property against damages. 

• Home Owner's Insurance – This type of insurance covers damages to the insured’s house.

• Automobile Insurance – This type of insurance covers the insured’s car and passengers against damages. 

• Other types of Insurance – There are also some other types of insurances related to the Business, Disaster, Travel, etc.