All the Types of Insurance You Ever Wondered About
Navigating insurance and the nuisances of it can be challenging, so below is a comprehensive list of all of the types of insurance!
Auto/Car Insurance: Auto insurance is the type of insurance that takes care of your motor vehicles. This type of insurance is there to support whenever your vehicle gets into any car accident or there is any damage done to your vehicle. Geico is one of the biggest and most credible auto insurance companies.
Life Insurance: Life insurance comes into play when there is a death upon the insured person. These are policies in place to help take care of post-death expenses like funeral costs and the cost of losing someone, and this is a contract by which the insurer will pay the beneficiary of the insured upon the death of the insured. One of the biggest companies for life insurance is MetLife. There are two main types of life insurance policies, but more about the difference here.
Whole Life Insurance which pays a death benefit whenever you pass away, even if it’s until 100 years old.
Term Life Insurance which pays only if the death is within the period and term of the policy.
Home/Property Insurance: Home insurance is important because it protects your house in case anything happens to it, like any environmental natural disasters. It saves you the cost of completely having to pay for a new home. One of the biggest home insurance companies is Nationwide.
Medical/Health Insurance: Health insurance covers your doctor appointments, hospital visits, wellness services, and any prescription medication you need to be prescribed. Different health insurance policies have different coverages and it is important to thoroughly understand what each one covers before applying! Empire Blue Cross Blue Shield is one of the biggest health insurance companies.
Unemployment Insurance: With COVID-19, unemployment insurance rises in importance. Unemployment insurance covers and protects you when you are out of work. There are different types, and more details can be found on this website. Policies differ, and some may cover you for less time after you are employed than others.
InsuredTY’s mission is to serve all families from all backgrounds with industry-grade Life Insurance. If you are in the market for Life Insurance email us at support@InsuredTY.com. Thanks for the support!