Do You Really Need Multiple Insurance Policies?
Do you have multiple insurance policies, it is must to get multiple insurance policies? You need life insurance policy, either term life or whole life depending on your specific needs. You also need auto insurance if you drive a car, or home insurance if you have a home. Insurance companies are a business, they sell policies like other businesses sell products. Just like businesses have different kinds of products, insurance companies also sell multiple policies, and depending on your specific need you can buy the policy. Depending on your specific need you can buy multiple policies from the same company, or different companies. Most people need multiple policies because they need coverage on various areas. What kind of insurance policy one should get depends on individual’s need but you sure need multiple insurance policy. Back to our original question, do you have multiple insurance policies? What kind of insurance policies do you have?
Do You Frequently Travel? Get Travel Insurance
Travel Insurance is for those who frequently travel. This type of insurance is important for those who frequently travel either for work or leisure. Travel insurance comes with a lot of benefits such as providing coverage for medical emergencies while traveling, lost of luggage, accidents when travel, and even cancellation of your trip. However, you don’t get always into problems when travelling and when you are traveling frequently, travel insurance can become an expensive finance obligations for you as well. However, you can reduce this cost, choose travel agencies that include insurance for your travel as well. Or, choose less coverage like compensation for accidents and lost luggage.
Travel Medical Insurance
What is travel medical insurance?
When you travel to another city, another country, and you get sick, or need emergency medical services because of road accidents, or even due to adventure sports (ski for instance), travel medical insurance can help you
Is travel medical insurance necessary for all?
Absolutely. Everyone needs travel medical insurance. That’s because it will provide safety net against unexpected medical expenses.
How is travel medical insurance different from travel insurance?
Well, travel insurance is a general; insurance that offers limited coverage on various things. It may or may not include medical coverage. However, travel medical insurance will cover you all medical attention.
Are You Transporting Goods, Get Transportation Insurance
Want to know about transportation insurance, here are the things to know:
What does transportation insurance actually cover?
Well, it provides coverage against accidents while transporting your goods. It also provides coverage for natural disasters, theft, or fire.
Who should get transportation insurance?
If you are a business who has to transport your inventory, you should get transportation insurance. If you are an individual moving homes, you should also consider this insurance.
Where to get transportation insurance?
You can either get transportation insurance with the transport company (some companies include insurance in their services) or separately from insurance company.
Do You Have Pets, Get Pet Insurance
Owning a pet can be very expensive, they cost a lot of money to buy, if you are selective about the breed. They cost a lot of money to raise and also health care. Therefore, if you own a pet, pet insurance is very important. You can get financial coverage for pet’s medical bills or even grooming. You can even get compensation when your pet dies. You can use the money you get from insurance company to buy and raise another pet. When you are getting a pet insurance always make sure to choose an insurance company that provides maximum benefits.
If you are a pet owner, you can insure your pet. This insurance will cover medical expenses of your pet as well as provide monetary compensation when your pet dies. However, pet insurance might not available everywhere. However, I believe farm animal insurance is available in all countries. This insurance policy compensates you if your farm animal dies. IN our country, 70 percent of farm animal insurance premium is subsidized by the government, and upon death of the animal farmers can receive 90 percent of the insured. The policy requires you to renew annually. Do you own animals, have you insured your animals?
Do You Have Home Insurance?
If you are a home owner, home insurance is very important. When your home is insured, you can not only get financial protections against earthquakes, floods, and fire but also burglary. With home insurance, you can not get safety net for your home from damages bit even get coverage for loss damages, and robbery of all the valuables like jewellery, furniture, expensive items, in your home. When you are buying home insurance, instead of insuring just your home, or valuable items in your home separately, you should buy a comprehensive homeowner policy that will not just cover your home but also what’s inside them.
Rental Car Insurance
Rental car insurance is a type of non-life insurance that will provide coverage for your rented car. If you have rented car and you get into an accident, you do not have to spend money to repair the car, if the car hits someone, you do not have to provide any kind of compensation, and the insurance company will provide coverage for you. This type of insurance is must if you visit other county or cities and have to rent a car. When it comes to car insurance, the insurance for accidents is for the vehicle that has been insured, and not for the one who was driving during the time of accident.
Get Warehouse Insurance For Your Business
Are you a business with inventory stored in a warehouse? Well, in that case you should buy warehouse insurance. When you insure your warehouse, you can get coverage when your warehouse or the items inside your warehouse get damaged. For instance, if there is a fire and your inventory gets damaged, your insurance company will compensate the loss. If there is a robbery, you can get compensation. If your warehouse is damaged by earthquake, you will get coverage. Therefore, it is must to insure your warehouse. However, when you are insuring your warehouse, you need to buy a policy that will covers multiple risks instead with just one or two.
Would You Like to Insure Your Body Parts?
You can not only insure your life and get coverage against accidents, terminal illness, disability due to accidents, or even death but you can even insure your vital organs or body parts. For example, you can get dental insurance which only covers your teeth. Likewise, you can also insure your organs and body parts, for example, you can insure your legs, your eyes, etc. Insuring legs is very common among athletes. Since their legs are vital in their career, the insure their legs to get financial security in case something happens to their legs. For instance, footballers can insure legs. When their legs get damaged and they can no longer play, their leg insurance will provide financial benefits. However, these policies might not be available to everyone and everywhere. I want to insure my eyes and fingers because as an online worker, I use my eyes and fingers to work but sadly in my place insuring body parts is not available.
Do you have this kind of policy in your country? Well, we don’t have but I would certainly want to insure my hands and eyes. I work on computers and eyes and hands are important for me, but insuring hands and eyes is not possible here. However, in Europe and America, this is a common type of insurance very popular among athletes and celebrities. For example, tennis players can insure their hands. Singers insure their vocal cords, actress insure their eyes. In my place, instead of body parts, I need whole life or term life that covers disabilities as well. For example if I lose my eyes, I might get some compensation.
Kinds of Insurance Policy a Single Individual Should Have
If you are a single and do not have a family, yet what are the types of insurance policies that are mandatory for you. The most important one is term life insurance policy with endowment benefit. This policy not covers major life risks like accidents, major diseases but also give back your insured amount after the maturity. Whole life insurance is not for someone who is single. Health insurance is also very important. Even if your medical bills are not big and even if you do not have diseases, having health insurance keeps you safe from financial obligations due to high cost of healthcare. If you have a car or a house, you also need car insurance and home owner insurance. These insurance policies will cover most of your needs. When you buy insurance make sure it provides coverage for your major risks. For instance, your life insurance should cover terminal illness and disability. Your health insurance covers even pandemic and diseases like cancer, or medication. Before you buy insurance policy, understand the coverage and whether those will meet your specific requirements or not.
How Many Insurance Policies Do You Have?
Insurance companies offer different types of insurance policies that will cover different types of risks. For instance, when you get auto insurance, you will get financial coverage when you encounter accidents. With health insurance, your healthcare costs will be compensated. Everyone needs different types of insurance policies, how many do you have? Well, I have three, term life, health, and bike insurance. My term life includes endowment plan which will return me my insured amount after maturity. IN the mean time it also covers major diseases. So far I have made no claims with bike insurance and I use health insurance benefits frequently.