subject: Understanding Your Insurance Coverage Types [print this page] The needs of individuals seeking out insurance vary as much as a types of insurance that is available to these individuals. A good example of this would be anyone without a vehicle doesn't need car insurance. This is just one sample of the variety of different insurance policies that are now available for pretty much everyone's personal insurance needs.
Most every form of insurance policies and coverage will have a section dealing with the liability aspect of the coverage. Most every property and automobile policy includes liability information. This section of the policy is where you can find what the policy pays for the different types of claims.
Good examples of a liability clause will include maximum dollar amounts to be paid against specific types of events or injuries. This is the section of the insurance policy that let you know how much you are protected if there is an injury or death related to your property. There are however limits that the policy will play and in the event that a legal action is taken against the policyholder seeking additional funds, the policyholder might be the one to pay the difference out of their own pocket.
Coverage of another type generally found in both auto and property insurance policies is property damage. This coverage is great because it protects and relieves you from being liable should another person become injured while on your property, plus any damage calls to your property by someone else is also covered. As with most all other aspects of a policy and liabilities there are limits to the payment amounts for damages as well.
Auto insurance policies generally provide liability, property damage, collision and comprehensive coverage allowing for a variety of different situations that you are covered against, or if problems that will arise. However, you also might want to include in your policy things such as rental reimbursements or full glass coverage. This extra coverage for a few extra things generally will cost very little so there will not be a significant increase in your monthly premium.
Health insurance coverage is designed to pay for your medical expenses and depending on what type of coverage you have you will find that you can be covered for routine visits and emergency visits as well or just have coverage for serious medical emergencies. Either way this type of insurance is designed to pay a portion of your medical expenses and leave you to pay not only your insurance deductibles but the rest of the payment for services as well.
by: Ethan Kalvin
welcome to Insurances.net (https://www.insurances.net)
