What is Insurance Policy & Types of Insurance?

Insurance is a service that allows you to financially protect yourself from potential problems. For example, when you insure a car and it has an accident, the insurance company repairs the car at its own expense or pays monetary compensation. You can insure not only a car, but also real estate, life and health, luggage on a trip and other property. Some people ask how I Lower my insurance cost and how to get the best insurance policy. Some companies are using Best CRM for Insurance Agency. The insurance cost depends on the type of insurance.

Compulsory& Voluntary Insurance

Types of compulsory insurance include:

• Compulsory medical insurance (makes it possible to receive assistance in clinics and hospitals)

• Pension insurance (the employer makes contributions to the pension fund from which you will receive a pension)

• Liability insurance (each car owner is required to have an insurance policy);

• Liability insurance & many other types of insurance

Voluntary insurance include: travel insurance, real estate insurance and so on.

Health Insurance

This insurance is in the form of protection of human life and health, which provides compensation for the costs of treatment. Health insurance is also compulsory and voluntary. We can use best crm for insurance agency to manage such type of insurance. Insurance experts

Accident Insurance

This type of voluntary insurance guarantees payment upon occurrence of an insured event. It may be:

• Death of the insured person

• Disability of a certain group

• sports injuries

• Bodily injuries

The cost of the policy depends on the insurance period (several months or a year), the insured amount (maximum payment upon the occurrence of an event), the set of insured risks and the insurance coverage area (in Russia or in all countries of the world). There many software for insurance agency are available to manage such type of insurance.

Property Insurance

This type of insurance most often means protecting apartments. Although insurers can offer a policy for almost any subject from bank cards to works of art.

When insuring apartments, one or more parameters can be protected:

• Structural elements (walls, foundation, floors, roof, etc.)

• Interior decoration (wallpaper, laminate, doors, glazing, suspended ceilings, etc.)

• Movable property (furniture, household appliances, shoes, clothes, etc.)

• Civil liability (if you flood neighbors, the insurer will compensate for the loss)

You can insure your home against fire, explosion, flooding, natural disasters, property theft.

Business Insurance

In addition to people, insurance companies also protect organizations. In particular, they can offer such services: property insurance of enterprises, cargo insurance, special equipment, transport, construction and installation works, employees of enterprises, liability of members of self-regulatory organizations, protection of civil liability, etc.

The cost of the policy depends on the type of insurance, the risks involved, the maximum amount of compensation and other parameters. Insurance forum

To receive the service, you need to make a request to the insurance company. We can manage such type of insurance using best crm for insurance agency.

Travel Insurance

It protects travelers from various risks: illness, travel abroad, loss of baggage or documents, responsibility to other people, etc.

When applying for a policy, it is important to indicate the type of rest: calm, active or with dangerous sports. For example, if you are going to ride a bicycle, then you need to select the option "outdoor activities". If this is not done, then the insurance company will not pay compensation for a fall from a bicycle.

The policy can be bought for specific dates of the trip or immediately for the whole year.

Liability Insurance

This is the protection of the buyer of the policy in the event that the buyer has the obligation to compensate for the damage caused to third parties as a result of those events that are provided for by the insurance policy. For example, a client of Absolute Insurance bought an insurance policy and became the culprit of an accident in which someone else's car was damaged.

Managing insurance on the website of MyPolicyGuru takes only a few minutes. Choose insurance, specify insurance risks, the term of the policy, enter information about yourself and your passport.