What is Consumer Insurance
Consumer Insurance provides protection against financial loss in different situations for the consumer.
Whether you are an individual or part of a family, thing will not always go according to plan, accidents and unforeseen circumstances can occur. These situations can not only hurt physically and emotionally but financially as well.
By owning insurance consumers have a feeling of security being indemnified against a loss that can occur Therefore they can own a property, drive a car, travel overseas and live life without worrying about the financial losses that could occur.
Thats why planning in anticipation (just in case) with purchasing various insurance will not only help to soften financial burdens of unfortunate situations, but relieve much of the stress that occurs when something unexpected happens
Some types of insurance include:Life Insurance
What is life insurance ?
A life insurance policy is one that the insurance company will pay out a certain amount of financial compensation to the beneficiary when the policyholder dies. Why would someone want to get life insurance?
Some people insure themselves in case of premature death because of the implications on his spouse and family. . With Life insurance you will be able to protect your family and provide you with peace of mind.
Car insurance protects you against financial loss if you have a motor vehicle accident. By you agreeing to pay certain premiums outlined in your contract with your car insurer, the insurance company agrees to pay your losses as defined in your policy if you have an accident.
Homeowners Insurance provides compensation for losses as a result of damage to a policyholders home and contents. Also covers legal liability for injuries incurring from the household member to another person.
Disability insurance pays an income to a policyholder who is unable to work because of an accident or illness.
Provides compensation in case you need to cancel the trip due to sickness, disaster occurring or tour operator going bankrupt.
Health Insurance pays all of part of the cost hospitalization, surgery and other medical care. Private health insurance main benefit is reduced waiting time compared to public service health care.
Provides financial protection if you have to cancel or postpone a wedding because of a death, natural disaster or other situations specified in the policy occurs on your wedding day.