It is always wise to do protection against unexpected things may happen in your life. One of the ways to protect your life is through insurance. Some states declare that it is mandatory for the citizens to buy insurance.
Unfortunately not all countries have the opinion to share with their citizens. There are several types of insurance people may buy. There are at least four types of the insurance.
The most common type of insurance is life insurance. As people may know, life insurance will let the family get the enough money if the insured person died. The amount of money is different from one insurance to another insurance. The payment is also different and it is decided before the agreement is reached. Another type of insurance is vehicle insurance.
Vehicle insurance gives your vehicles protection for the risks due to the damage caused by several points. The points will also different. An insurance company pays the claim of the damage of accident, theft and natural disaster. However there are also companies which do not pay the claim for theft matter. Hence you need to be selective. Health insurance is another type of insurance where you have to pay and get your bill paid by insurance when you do medical matter.