ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Why Should You Buy an Insurance ?

Updated on February 5, 2014

Insurance guides and tips

Learn topics before you go: buying term insurance, life insurance quotes, shop car insurance, auto buy insurance, cheap life insurance, cheapest life insurance, buying insurance online, quote online insurance, term insurance, insurance companies.
Learn topics before you go: buying term insurance, life insurance quotes, shop car insurance, auto buy insurance, cheap life insurance, cheapest life insurance, buying insurance online, quote online insurance, term insurance, insurance companies.

Term Life Insurance

Auto Insurance

Car Insurance

Why Should You Buy an Insurance?

What is Insurance?

Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment . It is a form of underwriting , the process by which insurers select the risks to insure and decide how much in premiums to charge for accepting those risks.

Types of Insurance

  1. Auto Insurance : for autos

  2. Life Insurance ; for individuals

  3. Health Insurance ; for individuals
  4. Group Insurance ; for groups or family
  5. Home Insurance ; for your home
  6. Funeral Insurance ;
  7. Accident Insurance ; for individuals or autos
  8. Sickness Insurance ; for individuals
  9. Unemployment Insurance ; for individuals
  10. Disability Insurance ; for individuals
  11. Fire Insurance ; home or business premises
  12. Property Insurance ; for risk of property
  13. Flood Insurance ; for risk of property or individuals
  14. inland marine insurance; for property or individuals
  15. boiler insurance ; for risk of boilers
  16. Aviation insurance ; for risk of aviation
  17. Crop Insurance ; for risk of crops
  18. Building Risk Insurance ; for risk of building
  19. Earthquake Insurance ; for risk of property
  20. Land Lord Insurance ; for land
  21. Marine Insurance ; for property
  22. Tourism Insurance ; for risk of individuals
  23. Liability Insurance ;against any liability
  24. Credit Insurance ; against any credit
  25. Mortgage Insurance ; against any mortgage
  26. Car Insurance ; for risk of your cars
  27. Collateral Protection Insurance ; for risk of any collateral
  28. Kidnap and ransom Insurance ; in case of kidnap
  29. Legal Expense Insurance ; legal risk
  30. Locked Fund Insurance ; risk of fund locked
  31. Pet Insurance ; for risk of pets
  32. Pollution Insurance ; for risk of pollutions
  33. Phone Insurance ; for your phone
  34. Title Insurance
  35. Travel Insurance
  36. Social Insurance, etc.

Why an Insurance

For Example, if you buy a car and drive it, you may , unfortunately, fall in accident which may cause your car broken or out of order. In this case, if you have already bought an insurance for your car, you can get it again from the claimed money of respective insurance company against your premium.

Suppose, you have lost your legs by that accident. If you have already bought a life insurance from any insurance company, then, you can get a large amount of money to spend in the time of your disability.

Similar results you can aspect for other cases of insurance.

How and When to Claim for Insured Money?

When an accident happens , you should contact with the insurance company as soon as possible. Some insurance company do not allow delay of claims. So, for the delay of contact you may loss your claimable money.

Before or after the insurance is bought, you must read the terms and conditions of that insurance company attentively with proper importance and memorize it for future reference.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)