• Jan 29, 2023
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Insurance company

Insurance or the insurance company, the phrase “insurance company” seemed very familiar and widespread among us, especially in recent times, when in the past or many ages ago our ancestors did not hear the word “insurance” or the mention of an insurance company, while now it has become a natural word that we are witnessing and contemporaneous, as insurance companies have reached many The things and property that we use every day, even including insurance for a person, his health, and all his property, whatever it is; Therefore, we wrote this article to present the role and importance of the insurance company in our daily lives and the advantages it offers us.

Insurance companies

I think I presented in a simple way that insurance companies or the idea of insurance in general did not exist before and now they seem to exist in abundance. Therefore, it was the turn of the answer to the question that occurred to you, which is why did you apply for an insurance policy on one of your properties? In the following lines, I will show you the answer.

One of the first advantages of insurance companies is your peace of mind and the calm that you will experience when you insure a property such as your car. For example, when you obtain an insurance policy or insurance policy from a reputable insurance company, you are assured and confident that God forbid in the event that the car is exposed to any accident. Or hated, you will find the insurance company standing beside you and helping you fix what happened to it, which is the same thing when you take out insurance on a house or real estate in the event that the house is exposed to any accident such as fire, may God protect us all, you will find the insurance company next to you and this happens through the compensation that you will get to fix what was spoiled .

Insurances

In short, insurances are a reliable way to mitigate risks that are out of control and mitigate the effects resulting from them, because unfortunately there are many risks facing a person, and some of these risks are what threatens his life, his property, or his trade and others, as the person who takes out insurance has to He pays a monthly subscription to the chosen insurance company, and in the event of accidents or losses occurring to the property of the insured person, all the money of the insured persons is paid to compensate the losses of the person who is exposed to an accident beyond his control. This is the role played by the insurance companies.

Types of insurance

The multiplicity of types of insurance and companies, so I collected the different types of insurance that you may need for some, such as general or comprehensive civil liability insurance, as the insured person becomes legally responsible and is also responsible for paying specific funds, in relation to the following:

1- Health insurance that includes accidental bodily injuries that are normal for any person to be exposed to.

2- Property insurance, which includes losses and damages to property.

3- Professional civil liability insurance, represented by the legal liability arising as a result of the professional negligence of the insured or the employees. This type of insurance is not specific to a specific profession, but is related to various professions, such as: engineers of various specializations such as architects, consultants, jurists, accountants, and others.

As I explained, there are many types of insurance, such as cooperative insurance, insurance with a fixed subscription, and marine, river, air, and land insurance. This type of insurance works to cover and mitigate the effects of risks to marine transport, such as: burning of ships, damage to goods or their sinking, and of course shipwreck or burglary. Ships and others, and the same procedures apply to air transport represented by plane crashes and others, as is the case in river transport represented by canals and rivers, or land transport that includes cars of various types of transport.

Then another type appears, such as private insurance and social insurance. For example, private insurance is what the individual does to insure all kinds of property, life, or otherwise. For an accident in one of the state institutions, whether it is in an interest or a center of its centers, or in a means of mass transportation, and this is compulsory insurance. on the state.

There is another type of multiple types of insurance, including insurance against damages, and this type of insurance is done by the person to cover the multiple risks that occur to his property, but this type of insurance did not include life insurance, but this insurance is divided into two types, namely: 1- Insurance on things Any insurance of money and property of all kinds. As for the second type, it is 2- Liability insurance. This type of insurance covers the costs as a result of a mistake committed by the insured, for example, when one of the insured acts of sabotage to the property of another person or several persons.

My dear, these are the most famous and important types of insurance that may interest you or that you or those around you may need. I have tried to present the most important details and information that may help you when applying for an insurance policy.