Insurance Glossary - Auto, Business, Life, Home and Health

The amount of insurance and type of insurance you need depend on your sources of income, your debts, your goals, and your lifestyle. Insurance and number of dependents. You can Buy Insurance from independent agents, exclusive agents,directly from insurance companies , brokers or that sell their products online or through a toll-free telephone services hence there are many ways "How to Buy insurance" . Some of the major insurance policies are for life, health, home, auto and business. Additional policies include those on disability, travel, dental, and long-term care, vision insurance, mortgage and so on. Result is their are hundreds of topics on which we can contract with Insurance Companies

Auto Insurance:

Auto Insurance policies provide protection against losses suffered due to auto thefts and accidents. Additional policies for protection against liabilities from non-insured drivers, property damage, bodily harm and medical payments are also available.

Business Insurance:

Depending on your type and scale of business, Insurance Companies provide protection against risks and falls. Business owners' choose Insurance for small and mid-sized businesses include property insurance, business interruption insurance and policies for protection against liabilities.

Home Insurance:

People Insure their homes via basic, comprehensive or special home insurance policies as suitable for their homes, its contents and personal assets of the homeowner against losses from accidents and thefts.

Health Insurance:

These are the four main type of Health Insurance "Indemnity plans, health maintenance organizations (HMO), preferred provider organizations (PPOs) and point-of-service plans (POS)". Policies can be obtained individually or through employers or by enrolling in Medicare or Medicaid.

Life Insurance:

The two main types of life insurance are Short term Insurance and Permanent Insurance. The former is for a specified period of time whereas the latter is life long. Beneficiaries receive a specified amount of money on the death of the insured person.