Auto & Life Insurance - Provides Peace Of Mind
By Martin Shiverman
There are many various types of insurance. Insurance is a
policy where you invest a certain amount, that you do not
get back, that will pay you in the event of a predetermined
event. The specifics vary greatly according to the kind of
Health insurance, such as that provided by BUPS, is designed to help you with your medical
care. You will typically pay in a certain amount every month
called premiums and you may have to pay a certain percentage
on your doctor's visits or prescriptions but the insurance
is designed to help you with the costs. It will also help
you in emergencies such as an accident, a broken bone, or a
sudden illness. Insurance is there to help you if you are
having a baby or another time where you need regular care.
Car insurance is intended for accidents; either your fault
or someone else's. You pay on your car insurance premium
every month (or quarterly or yearly) and if you are in an
accident, the insurance can cover damages. There are two
basic kinds of car insurance; liability and full-coverage.
Liability will only cover what you are liable for.
Full-coverage will cover anything that happens to your car,
your body or to the other party in an accident.
The main purpose of life insurance is to cover the survivors
of the person who dies. Life insurance can be used to pay
off debt, cover burial expenses or take care of surviving
children. Life insurance can be very important, especially
if you are leaving a spouse that doesn't work, young
children, or debts. In the event of your death, the life
insurance company would award the amount of the policy to
Home insurance / home contents insurance, as the name implies is meant to protect your
house and property. There is home owner's insurance and also
renter's insurance. Renter's insurance will cover your
belongings that are in the residence and most often cover
damages to the house itself if there were a break in or
similar claim to the home. This will keep the renter
from having to pay the owner out of pocket if damage to the
residence occurred from something like a burglary.
The home owner's insurance will cover for the same things;
damage to personal property and also to the residence.
Many insurance plans cover natural disasters such as
storms or earthquakes. Some plans cover fire and some will
not. Usually fire is covered if not set by the owner.
There are many other types of coverage that are important
for business owners, including business interruption
and disability insurance. The only way to assure proper
coverage is to consult with a professional that has your
best interests at heart.
About the Author: Martin Shiverman is the webmaster of
FGA Insurance, a website dedicated to helping
people have the proper insurance coverages.
FGA Insurance - Insurance Made Easy , a great resource for everything related to Insurance.