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 There are many types of insurance now available in the marketplace. A brief rundown of the types available is as follows:
Home Insurance – or house insurance. This type of policy will usually cover the building itself and the contents inside the building. An insurance company will place a policy of the house for the value it would cost to replace the house should something like a fire occur. If goods are stolen from the property this would also be covered.
Car insurance – car insurance is a legal requirement when driving a vehicle in many countries such as the UK. The insurance policy will cover the car itself from theft and damage and also the liability of the driver in situations such as an accident.
Health Insurance – A health insurance policy will cover individuals’ medical expenses should they become ill. In the UK there is a national health service however health insurance policies are becoming more popular there as people opt to be treated privately.
Life Insurance – This type of policy will pay a cash sum to a designated or closest relative if the policyholder should die.
Travel Insurance – As worldwide travel has become more popular the need for insurance for people travelling has grown. A travel insurance policy will usually cover any medical expenses while travelling and protect your belongings from theft or loss. It will usually also provide a means of refund should a cancellation of the holiday occur.
There are many other types of insurance available but these ones above tend to be the most prolific and popular http://en.wikipedia.org/wiki/Insurance.
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