what do you know about Types of insurance ?

what do you know about Types of insurance ?
what do you know about Types of insurance ?



Insurance is a means that most people depend on to reduce the severity of the risks outside their control and mitigate the effects that they may be exposed to, including these risks that may threaten their lives, their property, their trades, and many other things, as the insured pays a monthly subscription to the insured (in Mostly the insurance company), and all the insured's money is paid to anyone who is exposed to an accident outside his control to compensate for his losses, and this is what the insurance companies are based on today.

Types of insurance in terms of form:

 This type is intended for the parties, parties, or bodies that are responsible for the insurance policy.

Cooperative insurance:

This type is the insured party and the insured party has one party, whereby this process is carried out by people with a certain interest, and it is possible to expose them to a certain risk, and they work to mitigate the effects of the damages that may be faced by a certain particular, from the contributions and premiums paid by a certain party. .

Insurance with fixed subscription:

The insurer pays an amount of money to the insured when he is exposed to a specific accident, against the value of the contributions that the insured had paid to the insurance company.

Topic insurance:

Marine, river, air and land insurance:

This insurance covers and mitigates the effects of risks to maritime transport (ship combustion, or cargo and damage, shipwreck, ship hijacking, etc.), air transportation (plane crashes, etc.), or river transport (in canals and rivers), Or land transport that includes the types mentioned previously, but this insurance does not include the crew working in the ship or plane, but rather falls within the land insurance.

Private and social insurance:

It is the person who undertakes to insure his property, his life, or otherwise, in insurance companies, and his aim is mostly personal, and it is optional. As for the social insurance, the insurance is provided by the state in order to cover the risks that the working class in society may be exposed to. Mandatory.

Damage insurance:

This insurance is carried out by a person to cover the risks to which his property may be exposed. It does not include life insurance of two types.

      Things insurance:

Insurance of the insured's money.

      Liability insurance:

 This insurance covers the costs of an error committed by the insured, for example, the insured has sabotaged the property of another person in this case, the liability insurance covers the costs of sabotage and prevents the other party from holding it responsible and returning to it.

Personal insurance:

 This insurance covers the costs of any risk to the insured person, which is of several types. Life insurance has several types:

     In case of death:

The insurance company pays the insurance amount upon the death of the insured.

     Staying state:

 The insurance company pays the insurance amount at a specific and specific time for the insured himself.

    For marriage:

The insurance company pays the insurance amount to the insured if he gets married before a certain date.

       For delivery:

 The insurance company pays the insurance amount to the insured if he has a baby.

Mixed insurance:

The insurance company pays the insurance amount after the death of the insured in a specific period, or the insured at a certain date.

Supplemental insurance:

It occurs in case the insured is unable to continue to pay the insurance premiums for a specific reason.

 Group insurance:

A person in charge of a group of persons pays the premiums for this insurance, which covers the risks to which any member of this group may be exposed, such as the owner of a factory and the workers who work in it.

Sickness insurance:

In the event that the insured is exposed to any disease, this insurance covers the costs of treatment.

Accident insurance:

 In the event that the insured is exposed to any accident, this insurance pays an amount to the insured, and it covers physical accidents, death, disability, and so on.