- From flood to fire to bankruptcy, an insurance policy can help protect against it.lookout image by Rick Sargeant from Fotolia.com
Everywhere in life where there is measurable risk, chances are there is also an insurance coverage plan designed to protect against that risk. From protecting personal property to traveling and conducting business, no matter what the occasion, there is a type of insurance to match the inherent risk presented. - Auto insurance covers the risks of automotive damage and bodily harm.wrecked car image by hazel proudlove from Fotolia.com
Automobile insurance is one of the most common forms of risk insurance. The risk to you as an automobile driver is high, and the risk doesn't extend only to your car. Automobile insurance is designed to provide repairs or replacement of a vehicle whether it is involved in a collision, theft or damage due to an act of nature. The insurance is also structured to cover the risk of medical expenses incurred by the driver, passengers and other persons involved in an accident. Most auto insurance also provides liability coverage should the policy holder strike a building, road sign or telephone pole. - Property insurance protects against a visitor claiming damages for injury from slipping on a walkway.walkway image by Larry Roberg from Fotolia.com
Property insurance provides for the risks inherent in owning property. Property is vulnerable to fire, burglary and theft, damage from high winds, lightning and other acts of nature. Property insurance also helps insure against the risks of a claim made for an injury sustained on the property, such as a visitor slipping and falling on a walkway or a workman falling from a ladder. - Flooding can wipe out a lifetime's worth of investment without the right insurance.flood image by brelsbil from Fotolia.com
Most property insurance policies do not protect against flood, so separate flood insurance policies are available to protect against the risk of flood. Flood damage can completely decimate a property and without insurance to cover that loss, a property owner could lose everything. - Health coverage is a well-known risk insurance companies protect against.health centre sign. access to health centre image by L. Shat from Fotolia.com
Health insurance is another well-utilized insurance to cover risk. With the high cost of medical care, many of us already know the importance of making the investment in health and medical insurance. - End of life creates the risk of medical and funeral expenses left for loved ones to pay.sign: funeral route image by Empath from Fotolia.com
Life insurance protects against the inevitability of life's end. The end of life brings with it the risk of extra medical costs, funeral expenses and the need to continue providing for surviving family members. Life insurance meets those risks. - A business or individual can insure against loss due to liability.construction,worker, image by Greg Pickens from Fotolia.com
The risks of personal and professional liability are also covered by insurance. A business can insure against the risk of loss from damage, lawsuits, employee error or injury. An individual can also insure personal assets, resources and investments against potential loss in the event of litigation.
