Tag Archives: Types

Types of Insurance: Building Contents Home Insurance in the US

Article by Nathalie Fiset

Nowadays, people are making sure that they have insurance, even for what seems to be the craziest things. Imagine, stars such as Tina Turner and Jennifer Lopez, who are famous and are role models of many, insured parts of their own bodies (Turner’s legs and Lopez’s buttocks). Those are the extreme cases; most people obtain building contents home insurance in the US.

The house or the home is usually the most valuable asset of an owner. Think about it – among your belongings, it is probably the most expensive and most important. A motor vehicle is important, but if you ask people to make one choice, many of them would prefer owning a home as opposed to an automobile. This is the exact reason why it is very important to acquire insurance for your home.

One of the forms of insurance that is offered to home owners is building contents home insurance, in the US and even in other locations. This is obtained by many people for the fact that they want their belongings inside the home to be insured, should any damage or loss come unexpectedly. This is more evident in the US as opposed to other countries, since most Americans really value their belongings and would like to at least be compensated for any loss or damage.

You may be wondering, why don’t they insure their whole house? Truth is, Americans have this option to insure the whole house, including the structure and all that is within. The problem that arises though is that the premium for such insurance plans will go up, and some Americans just don’t want to spend that kind of money. Their solution is to simply obtain the building contents home insurance available in the US, or the building structure insurance.

What exactly are the contents that are covered in an insurance plan of such kind? Well, most insurance companies give their clients the option to list all items that they want covered in such a policy. The premium to be paid is usually dependent on the types of items to be covered. If they are expensive and highly valuable, then the premium will be high as well.

The most likely home contents that people choose to have insured are usually the furniture and appliances. These items can be kind of costly, but they are also necessities in one’s home, which is why most insurance companies that provide building contents home insurance in the US often include furniture and appliances in the original policy plan offered to the client.

In addition, several insurance companies provide discounts for those that are deemed to have less risk of accident or criminal activity occur in their location. For example, your belongings are deemed to be unlikely to be stolen if there is a proper security system installed in your house, which the insurance companies take note of. However, some US companies may not offer discounts first-hand, therefore it is up to you to make sure to ask them before getting your building contents home insurance in the US.

Also, there are some companies that take note of the personalities that live in the insured home. For example, if you or anyone living with you is a smoker, then the risk for having a fire start in your home is increased. In fact, statistics say that smoking is primarily responsible for approximately 20,000 home fires in the US per year. As such, the insurance company will normally charge a higher premium for your building contents insurance. Consequently, if you quit or are a non-smoker, the rates may be reduced.

Additionally, senior citizens (or those over the age of 55) or those that are retired usually receive a decrease in premium rates. This goes on with newer houses also, since the risk for fire and/or electrical failure is lesser than that of an older house, which can also allow the fire to spread more rapidly.

Whatever it is that you need, make sure to consider all the aspects before deciding and getting your building contents home insurance in the US. Make sure that all your necssities are covered and that you are not charged exorbitantly for the premium. Take into consideration that certain things require higher premiums though.

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For more complete information on home insurance please go to: http://www.greatesthomeinsurances.com/best-building-content-house-insurance.htmlhttp://www.greatesthomeinsurances.com/www.drnathaliefiset.com

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The Various Types of Life Insurance

Article by Vernon DeFlanders

When people feel that they need to leave tangible evidence of their life behind them generally you will find that people look at different life insurance policies. As these policies all have various differences it is best to know some facts about the types of life insurance that you can get. There are about 4 to 5 different major types of life insurance that most insurance companies can provide you details of.

Policies differ from whole life insurance policies in that they offer some flexibility to change the premium payments and death benefit amount. Even though premium payments are flexible, a minimum premium is required to keep the life insurance coverage in force. Policies are sold with various premium guarantees. The longer the guarantee, the higher the initial premium. Policies have cash value or a savings feature. Whole life, universal, and variable insurance are types of permanent life insurance.

Term insurance is the simplest form of life insurance. The insurance company would pay the assured amount only in case of death that occurs during the term of the policy. Term life insurance is so named because it offers a set coverage amount for a limited

Types of Life Insurance to Avoid

Article by Denise

The main reason behind buying a life insurance policy is to protect your family or dependents from financial hardships in case something happened to you unexpectedly. But, there are a lot of life insurance policies that are being sold today that duplicate the protection you would get from a normal term life insurance policy, so don’t be so quick to sign on the dotted line. Here are some types of insurance you should avoid:Credit Life Insurance

Types of Small Business Insurance for your Employees

Insurance can cover a variety of catastrophes including natural disasters, fire, and theft. Providing good health coverage for your employees can help you retain them. However, these are not the only types of insurance available. You may be required to carry life, business interruption, or auto insurance depending on the nature of your business. Other types of insurance cover business liability or damage to your inventory

Employee Benefits includes life and health insurance as well as retirement planning for your employees.

Unemployment Insurance covers workers who become unemployed through no fault of their own

Workers’ Compensation and Disability Insurance covers an employee’s loss of income and medical expenses through job-related accidents. The workers’ compensation coverage has two components. First, it covers a worker’s medical expenses and lost wages in the case of a job-related accident, and second, it covers the employer’s liability if the worker decides to sue.


Workers’ compensation rates are based on the payroll, number of employees, and type of business that you operate. You can receive discounts and save money if you offer safety training to avoid accidents, have a drug- and smoke-free environment, and promote a “return-to-work program” to bring employees back to work sooner, even if it is for limited duty or a modified job title.

Employment Practices Liability provides employers protection against lawsuits regarding employee treatment, such as sexual harassment and discrimination. If you have a good system in place or you plan to manage the day-to-day operations of your business personally, then this protection might not be necessary. The coverage may be sensible if you depend on managers to operate your business.

Small Businesses can choose for a Business Owner’s Policy, which covers multiple risks. This policy has restrictions regarding size of the business. Refer to your insurance professional for more information.

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9 Different Types of Business Insurance

Article by Patricia Strasser

Property insurance, casualty insurance, liability insurance, commercial auto, workers compensation, business interruption, health insurance, life and disability insurance, and other insurance or scripted policies are some of the different types of insurance that you can have for your business.

It is advantageous and helpful to have your business protected through reliable insurance policies. This will help you recover from severe loss in the event unexpected situations happen. Business insurance will also minimize the financial costs if ever our business venture meets unfortunate events. Read on to know the different business insurances that can be appropriate for your business.

Property insurance

This type of insurance focuses more on your belongings and properties to be protected against damage or loss. This will help you recover your lost or damaged belongings. You can also have your properties insured in a specific risk such as fire and other disasters related insurance policies.

Casualty insurance

This type of insurance focuses more on the loss or damage of your business. It will help you recover the loss of your business financially by receiving causality insurance. Casualty insurance is usually applied together with property insurance in insurance packages.

Liability insurance

This type of insurance insures and protects the business in cases the business is sued for negligence.

Commercial auto

Commercial auto policies insure your business vehicles for any damage, either as a result of accident, vandalism, or other damages received. A personal automobile policy will not cover and damage your commercial vehicle may incur.

Workers compensation

Workers compensation will insure the workers’ safety during while they’re at work. It will also insure the workers from the injuries they might encounter at work. Workers compensation may vary depending on every state. However, it is common that this type of insurance requires every employer to pay the worker all the medical finances and damages due to injuries incurred on the job.

Business interruption

This type of insurance insures the business’ loss and damage due to other external interruptions and factors. For example, if your machine is struck by lightning it can be covered by the property and casualty insurance. However if you cannot acquire the insurance more than the time given then a business interruption policy is the one that deals with it.

Health insurance

This insurance offers health coverage for you and your employees. Most companies or businesses have this insurance policy so their workers have adequate medical and health benefits.

Life and disability insurance

Life and disability insurance is an insurance that focuses on the beneficiary of an employee’s death or disability. For example, if the employee is dies or becomes unable to work their beneficiary, usually a spouse or children, will receive the insurance. This insurance type pays when someone carries a life insurance policy and names the another person as a beneficiary.

Other insurance or scripted policies

Scripted Policy insurance is an insurance policy written specifically for any particular risk. It is a policy applied by actors who get want to insure their lips, legs, or other part of the body relied upon for work.

Make sure that you get your business any of these types of insurance to secure your financial welfare in times of trouble.

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