Insurance is a contract under which, the insured agrees to pay specified sum of money as premium to insurance companies. On the other hand, the insurance companies agreed to pay certain amount to the insured in form of compensation, whenever need arises. However, the amount paid as compensation depends upon agreement, and the terms and conditions associated with insurance policy.
Now, the question is why insurance is done and what can be insured? Anything that is precious for you can be insured. Mentioned below are some of the common types of insurance policies offered by a NY insurance company.
You can get your home and vehicle insured by an insurance cover but it is a must to read terms and conditions associated with your policy to get the maximum benefit. Moreover, the conditions related with policies vary from one policy to the other. In order to avoid any confusion in long run, get maximum information about policy you availed.
1. Auto insurance
Getting your vehicle insured is the best way to ensure good life to yourself and your vehicle. This cover saves policyholders from huge losses incurred due to road accidents. This insurance is further divided into several types known as fully comprehensive insurance policy, third party insurance, specialized vehicle insurance, liability coverage, fire and theft coverage, bodily injury liability and many more. You can select the policy according to your needs and amount that you can pay easily as premium for a fixed period.
2. Life and health insurance
It is one of the common insurance covers that a large number of people go for. This insurance policy provides compensation to the policyholder’s family in case of death of the insured. This policy is of different types that you select as per your requirements. You can also take benefit from this insurance cover, when you are ill and seeking medical attention. The company will pay all your medical expenses in form of compensation, reducing burden on your pocket largely.
3. Home insurance
This policy has benefitted countless homeowners in recovering from huge losses. This policy becomes active, when your house gets damaged due to fire or any natural disaster. This insurance company will provide you compensation that will help you in recovering from the losses incurred.
4. Disability insurance
This insurance cover is meant for individuals who are not able to earn money due to any illness or disability. This insurance policy is categorized into two types known as short-term disability and long-term disability.
Trusted Campbell Solberg Associates, Inc. 