- Mar 7, 2023
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Types of insurance
Insurance services and types have multiplied until I dealt with life insurance, cars and establishments of all kinds - houses, towers, companies and institutions - as well as insurance for business, goods and health insurance, which is the most famous of them and others, so in this article we wanted to explain to you some of those types of insurance and present the details of each insurance and its benefit And what it provides for the person who wants to make an insurance policy, so many questions come to one’s mind about what are the types of insurance and what is the benefit that accrues to me when I subscribe to it, and which type is more suitable for me, and in this article we try hard to answer these questions.
Types of insurance
It also indicated that it is multiple and may be limited to the following:
3- Auto and vehicle insurance.
4- Facilities insurance.
5- Cargo insurance, whether land, sea, river or air.
6- Ship insurance.
7- Business and corporate insurance.
8- Motorcycle insurance.
Car insurance
We start with the insurance that preoccupies many people and attracts the attention of a large segment of society, which is car insurance, as cars are essential and essential possessions, and insurance on them is the means through which they are relied upon to mitigate risks, damages, or even losses that affect a person in a way that is beyond his control and control, and this is the condition of insurance. Cars must have those risks that are out of control and not intentional or by the human being himself, and that is represented in highway accidents and fires as a result of the interaction of some materials stored inside the car with the air temperature such as alcohol or fires as a result of electrical touch and other risks such as thefts, and when these occur Things, God forbid, are shown here by the insurance companies, their role, and their participation in the insured person who has been harmed, and they work with him to mitigate the severity of those effects. To the insurance company, and when any accident or misfortune occurs, all the money of the insured persons is paid to him as compensation for the loss he suffered. er played by insurances or insurance companies and the benefit of car insurance.
Business insurance
Here we come to another type of insurance, which is business insurance, and this type is important and necessary for business owners and companies. It may be insurance for commercial shops and the risks they may be exposed to, such as fire, electric shock, or power outages, and its arrival exceeds the endurance of the wires, which leads to Damage to existing equipment. Business insurance is also represented in protecting and securing some types of goods from drowning or securing them from theft, as well as livestock from death, as well as crops from damage and other risks to which business is exposed. Business insurance reduces the impact of losses to the employer.
Facility insurance
As for the insurance of the establishment or several establishments, this type is considered one of the most important types of commercial insurance that targets merchants, business owners and companies, and of course it includes the owners of medium and emerging projects. Electronic maintenance shops and other facilities and various activities. The facility may be insured in several cases, including: Insurance of the facility against fire and other similar risks. The facility’s insurance coverage includes the following:
Theft by breaking, dislodging and forcible entry, earthquakes, explosions such as fresh water pipes, the fall of aircraft or the collision of any parts thereof, and the collision of vehicles.
Cargo insurance
We move on to another type of commercial insurance, which is cargo insurance. This type of insurance aims to secure goods during their transportation and storage, but here I offer the transfer of goods from one place to another. This type is divided into three types:
1- Sea and air transport.
2- Land transport insurance.
3- Securing river transport.
This type of insurance covers all losses or damages to the insured goods. Goods insurance covers many risks such as: fires, explosions, stranding, dehydration, or the sinking of a ship, whether at sea or river and even on land. It also ensures that the goods are unloaded at the designated relief port. For those cases, and the entry of water into one of the holds or places designated for storage on ships.
life insurance
Life insurance is one of the things that people should care about and receive great attention, because the life insurance system provides several advantages, including providing a secure future for all family members, and this type of insurance works to provide and meet all the needs and obligations that family members need, The life insurance program has been prepared according to the suitability of all the needs and circumstances of the family that insures and applies to receive their insurance policy. Cases of total disability, or even critical illnesses, may God protect us all from that, but each person has the freedom to choose the type of insurance or special case in life insurance, and this type is also based on granting a monthly income to the man or husband as well as the woman or wife and an annual insurance amount for children This applies only in the event of death, and one policy can cover both spouses or both parties, while providing them with the same benefits or insurance privileges.
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