Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

What are the different types of insurance available?

Wednesday, March 23, 2011 7:15
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Insurance can often be a bit of a pain to organise, but vital to have if anything were to go wrong. There are a few main different types of insurance to consider for your home, car and health. Here, we’ve listed a few of the main types of insurance, including home and contents insurance, insurance for your car as well as other important types of insurance you many want to consider for both you and your entire family:

Health Insurance
Health insurance is something that is important to have, should you need anything done in an emergency, or even if you have something that requires ongoing attention. Some health funds offer rebates on things like dental and orthodontics as well as rebates if you need to purchase glasses. For major threats to yours or your families health, having health insurance could mean that you get seen to faster, and are able to choose your doctor.

Car Insurance
Having car insurance is so important for every car owner. You can get different types of cover, but certain types are compulsory, such as CTP (Compulsory Third Party). Having car insurance can save you hundreds if not thousands in the future and is well worth the investment. If you were to have an accident and damage yours and another person’s car, it could mean the difference between you being out of pocket $500 or $50,000.

When purchasing your car insurance there are many things to look for, including what your policy offers you. Many insurance companies now offer loyalty discounts and rewards for drivers that don’t need to make a claim for a certain amount of time. These are all things you should look at when choosing the right car insurance.

Home Insurance
There are a few different types of insurance you can purchase for your home. The first is home insurance. This means that if any thing happens to your home, like for instance, if it is vandalised or a tree falls on it and damages the roof, the insurance company will cover the repair costs.

Contents Insurance- Contents insurance is also an important type of insurance to have. It covers the property within your home such as the television, jewellery and other valuables. If someone broke in and stole them, your insurance company would pay to replace the items. Some very expensive items, such as certain jewellery items for example, may need their own separate policy to the one you have for the rest of your property.

Bundling your insurance to save
Many insurance companies now offer a number of different policies and by having a few types of insurance with the one company, you can save big money on the cost of your premiums.

Insurance really is important whether you’re single, just married, are a new home owner or if have a large family. It provides you with the peace of mind and protection that if anything should happen, you’d be able to face it head on without financial stress. I hope our explanation of the different types of insurance has given you some insight into the different types of cover available and why insurance is really an important thing to have.
 

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.