Types of Insurance Policies

Life Insurance – Home Insurance – Auto Insurance & More…

Insurance policies are available today for just about anything that one can imagine. As long as you can put a monetary value on something you can get it insured. Insurance The most common insurance policies available are:

  • Home Insurance
  • Car (Automobile) Insurance
  • Liability Insurance
  • Business Insurance

In addition to the types of insurance policies mentioned above. There are several other forms of insurance policies that can be bought today from insurance companies. Anything that has a value, can be insured. Polices are tailor-made to suit the needs of the people. Life insurance policies are mostly purchased by using insurance agents. However, a large number of policies such as travel insurance, car insurance, and health insurance are purchased over the Internet directly by consumers. Purchasing insurance policy online using the Internet are quite popular in western countries like UK, Canada and the United States of America. In some other countries like India where there are a large number of consumers. Insurance companies have already started selling travel, health and home insurance to Indian consumers over the Internet.

Buying insurance over the Internet has two advantages

1. You can shop from the comfort of your home and shop around for quotes from a large number of insurance companies who advertise on the Internet.
2. Sometimes the premiums for online purchases are cheaper as the companies do not have to pay a commission on the policy sold to an insurance agent.
Policies sold on the Internet are usually basic standard policies. If you need a specialized insurance policy then you need to contact an Insurance agent or an insurance broker. Some specialized insurances such as business insurance policies are not sold on the Internet. Consumers who require business insurance usually contact insurance companies directly or use the services of insurance agents or brokers to advise them in getting business insurance coverage.