Every insurance worksheet should be accompanied by a check list and the easiest to use insurance worksheet should be the types of insurance worksheet. These worksheets will help you decide on what type of insurance you require and enable you to remember it easily in the future.
There are many different types of insurance and although each one has their own advantages, most are dependent on the risk factor of the individual or company that is insuring them. The types of insurance will mainly be divided into two categories, general insurance and specific insurance. The specific insurance are called insurance for risk factors which are determined by the legislation and are different from liability insurance or risk pooling. This kind of insurance is an amalgamation of insurance and other means to protect against the liability of the insurer that may be sued by the insured person.
The categories and the risks that must be considered are: life insurance, disability insurance, medical and dental insurance, property, and casualty insurance, coverage for accident only, coverage for assets or claim for damages, individual medical and dental insurance, and insurance for the property. The insurance worksheet for these can be broken down as follows:
General Insurance – General insurance refers to the insurance that covers every aspect of life and is a good example of all that is needed in life. It is the insurance that covers everything and anything and has been an essential part of the entire insurance industry since time immemorial. It is also the type of insurance that protects the most because if it is not there to cover, then all your life is in danger. It will cover almost everything from accidents and emergency hospitalization to your pension.
Car Insurance – Another form of general insurance, car insurance also covers a wide variety of vehicles. However, the auto insurance policy differs because it only covers the vehicles that you actually drive. For instance, if you insure your house and a vehicle belonging to your spouse that goes to the same school as your children, the policy does not cover both of them. It is important to know this, because most people that have no idea that they need car insurance.
Medical Insurance – Medical insurance covers all aspects of health. They range from benefits from treatment or medication to essential assistance in dealing with emergencies. It is one of the most popular forms of insurance, as it is so easy to understand and requires no legwork whatsoever get yourself covered.
Property Insurance – Property insurance policy covers all the basic needs of a home and their contents. They also cover loss of their contents, loss of the insured person’s residence, loss of personal effects and life-insurance policy.
Claims – A simple form of insurance that is included in the worksheet for all the types of insurance that we have discussed. The majority of people are unaware of this but it is indeed a big help when you are making claims to the insurance company. These forms of insurance cover expenses due to other people who are injured or die because of an accident that you had or caused.