There are several personal insurance products available to consumers today. They can cover health insurance, car insurance, home insurance, and life insurance. Some may also include features such as roadside assistance and pet insurance. Before choosing an insurer, it is essential to research the different options and figure out which ones would best suit your needs.
Here are four types of personal insurance that you may be interested in:
- Auto Insurance – This coverage protects you and your vehicle against damage or theft. It can include liability, collision, medical payments, and more.
- Homeowner’s Insurance – This policy covers your home and its contents if it is damaged or stolen by someone other than you (for example, if a neighbor damages your fence). You might also need this coverage if you rent out part of your house via Airbnb.
- Life Insurance – Life insurance provides financial protection for the person who purchases it (the policyholder) in case they die prematurely. There are two main types of life policies: permanent life assurance and term life assurance. Permanent life assurance guarantees payment regardless of how long the policyholder lives; term life assurance pays out only until the age of 100 or when the beneficiary dies, whichever comes first.
- Health Insurance – Health insurance offers peace of mind by protecting families against expensive healthcare bills should an illness or injury cause significant expenses beyond what would be covered under traditional healthcare plans. Coverage ranges from comprehensive cancer coverage to dental care reimbursement and mental health benefits.
With policy extras such as breakdown cover, legal expenses, and protected no-claims bonus, there are many options to create the perfect policy for you. For example, a Home insurance policy can protect your home, its buildings, contents, possessions, and valuables. Plans can be taken out on a buildings-only, contents-only, or buildings & contents basis, depending upon exactly what you’re after. In addition, you can include accidental damage coverage, as the name suggests, any accidents and add optional extras such as legal expenses coverage.