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Insurance products - Coggle Diagram
Insurance products
Travel insurance
Travel insurance provides financial protection if you face certain problems when you're travelling or on holiday.
Risks:can be expensive,claims may be rejected,may contain loopholes regarding pre-existing medical conditions
Rewards;covers most medical costs,covers the risk of lost,stolen or damaged luggage,compensates for most trip cancellations.
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Car insurance
rewards:assured for financial liability,assured for medical claims,Car Insurance companies have a large number of network garages the give services in all areas to avail repairs in case of any damage to your vehicle.
Risks;time consuming,risk to coverage failures,very costly
Car insurance gives you financial protection in the event of an accident. And some types also cover claims arising from injuries to other people.
definition of insurance
Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unexpected financial losses.
Health Insurance
Health insurance, often called private medical insurance, is an insurance policy that covers the costs of private healthcare, from diagnosis to treatment.You will pay a monthly subscription that covers all or some of the cost of treatment for acute conditions that develop after your health insurance policy has begun. You may take out health insurance as it gives you quick access to medical treatment.
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Pet insurance
Pet insurance is a form of insurance that pays, partly or in total, for veterinary treatment of the insured person's ill or injured pet. Some policies will pay out when the pet dies, or if the pet is lost or stolen.