Types of Insurance coverages

As many of us might have heard the word "Insurance " so many times.But it will be surprising to know that there are different types of Insurance provided by the Insurance companies.

Types of insurance coverages
  • Property Insurance
  • Health and Medical Insurance
  • Causality Insurance
  • Marine insurance
  • Agriculture insurance
  • Motor insurance
  • Aviation Insurance
  • Construction/Erection Insurance
  • Liability Insurance
  • Cyber Risk Insurance
Yes, Still there are many insurance coverage's that Insurance companies are offering.As the competition is increasing in the industry, the companies are offering border and diversified coverage to the policy holders.

As a customer (Policy holder), He/she should decide the type of coverage and Limit of the coverage as per there requirement.If the customer takes higher limit then required , he will ended paying the higher premium.For Ex: If a Person wants to insure his house against the catastrophic events  and he observed in his town  that maximum losses that occur for a house mostly is 60%. If he takes the limit of 80% than the required 60% . Then he will pay extra premium for providing that extra 20% of the limit. So its customer choice to decide on limits and deductibles  and type of the coverage while taking for the policy.


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