Finance Rush's video: Types of Insurance Financial Tuesday Insurance Guide

Do you know about the types of insurance available? If not watch the video... There are many different types of insurance that you can think of. Generally, insurance is an agreement between you and an insurance company where you pay a predetermined amount of money for coverage for a specific amount of time. The insurance company, in return, pays you a certain amount of money if a certain event happens, like your house burning down or you getting injured. The main types of insurance are life insurance, health insurance, auto insurance, home insurance, business insurance, disability insurance, liability insurance, commercial insurance, and product liability insurance. Insurance is a means of protection from financial loss. It is a form of risk management. It is a way of safeguarding assets from possible future financial loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms, and must involve something in which the insured has an insurable interest established by ownership, possession, or pre-existing legal relationship. In this video we discuss the different types of insurance available for you, your family and your assets. These include life insurance, property insurance, health insurance and business insurance. All of these play a vital role in our lives and needs to be taken care of. Tags: types of life insurance,travel insurance,term life insurance,life insurance,home insurance,whole life insurance,property insurance,universal life insurance,best kind of life insurance,what is life insurance,health insurance,life insurance 101,insurance,different kinds of life insurance,motor insurance,life insurance compared,term vs whole vs universal,whole vs universal,financial education,term vs whole,accuquote Music Credits : Shattered Helium video link : https://youtu.be/RUOYTzVbPEo