• 21 Kasım 2018
  • insurance için yorumlar kapalı
  • 321 kez görüntülendi.


Insurance ; The world we live in is full of uncertainties. Individuals, families, businesses, properties and assets are exposed to different types and levels of risks. While it is not always possible to prevent unwanted events from occurring, financial world has developed products that protect individuals and businesses against such losses by compensating them with financial resources. Insurance is a financial product that reduces or eliminates the cost of loss or effect of loss caused by different types of risks. There exist different types of insurance such as; Auto insurance, Gap insurance, Health insurance, Income protection insurance, Casualty insurance, Life insurance, Burial insurance,


Property, Liability, Credit, and many Other types

Be it life insurance, health insurance or general insurance, you can buy an insurance policy offline as well as online.. Ensure that you have done your research before choosing and investing in an insurance policy
You can find an insurance policy to cover almost anything imaginable but some are more deserving than others of a place in your financial plan such as;

Health Insurance

Your good health is what allows you to work, earn money and otherwise enjoy life. If you were to develop a serious illness or have an accident without being insured, you may find yourself unable to receive treatment or even in debt to the hospital. This insurance covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over a large number of persons. By estimating the overall risk of health care and health system expenses over the risk pool, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax,


Life Insurance

This is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured
This type of policy is more important if you are married and/or have children, but even single people can benefit from having life insurance. Life insurance can meet several financial needs. In the case of someone who’s married with a family, it can replace lost income, help to pay any lingering debts after your death or pay for your children’s college education.


Property Insurance

Property insurance and casualty insurance are types of coverage that help protect the stuff you own — your home or car and also provide liability coverage to help protect you if you’re found legally responsible for an accident that causes injuries to another person or damage to another person’s belongings. They may include; homeowners insurance , insurance premium , mortgage payment a renters insurance


Auto Insurance

Another type of policy that is often required is auto insurance. Most states require by law that you have basic auto insurance that covers liability. If you’re buying a car with a loan, you may also be required to add collision coverage to your policy. If you’re in an accident, liability insurance covers damages to the other vehicle, while collision covers damage to yours.


These policies do not only cover the replacement of an expensive asset but also bodily injury or death of another person in an incident that you are legally responsible.
As an individual, you can add as much insurance categories as you wish but remember, the more coverage you add onto your policy, the higher the premium costs may be.

Bir önceki yazımız olan Finance başlıklı makalemizde FİNANCE, Scope of Finance ve WHAT IS FİNANCE hakkında bilgiler verilmektedir.


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