Something about insurance

Types of property insurance are many and represent a specific insurance or a specific form of property ownership (eg, insurance, equipment rental, car insurance, is in personal property, etc.), or the specific hazard (such as an apartment house on fire, crops of drought, etc.). Insurance business risks will be insurance of any of the listed events.

In personal insurance, there are two sub-basis of differences in objects, the duration of insurance, which the function, as well as the impact on living standards and policyholders.

Life insurance is a case of surviving the insured person before the expiration of the insurance or death during this time. Typically, this is a long-term insurance, in which the accumulation of money (ie, realized savings function). The types of insurance there will be: children's insurance, insurance for the wedding, pension insurance, endowment insurance, for up to a contract of age.

Personal insurance other than life insurance is an insurance against accidents and health insurance. Such insurance would cover the costs arising from adverse events in people's lives. The maximum period of insurance - one year. In this case the risk is realized the function of insurance. The types of insurance are the personal accident insurance, insurance, workers at the expense of the enterprise, compulsory insurance of passengers, insurance, traveling abroad, etc.

Endowment insurance is a joint accident insurance, as well as insurance for endowment to the termination of insurance or death during this time. Types of insurance is depends on what kind of a combination of life insurance, accident insurance and health insurance would be insured.

On the impact on the lives of citizens and insurers can provide the social and commercial insurance. In social insurance are insured employers and the state to ensure a minimum, the vital protection of citizens. The types of insurance in this case will be compulsory health insurance, public pension insurance, social insurance and unemployment insurance. Social insurance is compulsory.

Hiring a commercial insurance and the types depend on the willingness of insurers - individuals and legal entities. The level of insurance coverage is determined by their financial capabilities.

In liability insurance to the sub are:
• liability insurance;
• professional liability insurance.

Liability insurance protects the property interests of legal entities and individuals arising from their obligation to repay the harm property, personal or moral interests of third parties. The types that are sub-owners liability insurance of motor vehicles, liability insurance of owners of sources of increased danger, liability insurance for pollution liability insurance carriers, etc.

Professional liability insurance is the protection of property interests arising from the need to recover due to the performance of professional duties harm the interests of third parties. The types of insurance in this case are the professional liability of doctors, lawyers professional liability insurance, professional liability insurance realtors, professional liability insurance of notaries, etc.