Do you have Insurance? A term in law and economics will be explained on Facts about Insurance. By having Insurance, it will help you when you are getting bad things in your life such as accident. It means that the company of insurance will pay your money back. People will buy insurance in order to protect them from losing money. However, they should be paid every month to have it. They also promise to be careful or a duty of care. Here are ten interesting facts about Insurance.
Facts about Insurance 1: Insurance police
A contract between the insurer and the insured is known as Insurance police.
Facts about Insurance 2: Type of Insurance
There are many type of Insurance, including Life Insurance, Home Insurance, Property Insurance, Health Insurance, and Auto Insurance.
Facts about Insurance 3: The types of Life Insurance
There are two major types of life insurance. They are Whole Life and Term Life Insurance. The police holder of Whole Life should pay a policy until death. Whereas Term Life, the police holder pays a police for a fixed amount of time.
Facts about Insurance 4: nThe list of celebrities who insure their famous body
There are many celebrities who insure their part of body, including Dolly Parton insured her 40DD breasts for $ 600,000, Keith Richards, Rolling Stones guitarist (middle finger) for $ 1,600,000, Heidi Klum, the German model, television host and actress (legs) for $2.2 million, Ugly Betty star America Ferrera (teeth) for $10,000,000, Jennifer Lo (butt) for $27,000,000, Bruce Springsteen (voice) for $6,000,000, David Beckham insured (legs) for $151,000,000. Quantum of Solace (body) for $ 9.5million, and more.
Facts about Insurance 5: The cost of disability insurance
Age, health, and lifestyle are the factors which influenced the cost of disability insurance.
Facts about Insurance 6: Car Insurance
Liability, Protection, Collision, Comprehensive, and Uninsured or Underinsured Motorist are the main types of car insurance. There are two forms of liability. They are bodily injury and property damage liability. It means that only damage and property which are covered by them, not driver or passengers. Whereas collision will cover all of the cost of car damage, although it is your fault or not.
Facts about Insurance 7: Insurer
Insurer is an entity which provides insurance. It is also known as insurance carrier or insurance company.
Facts about Insurance 8: Home Insurance
As we know that home is important asset for many people. Fire, floods, and earthquakes can break your home. That is why people pay home insurance policy due to it will give compensation for damage or loss of your home and it’s contents.
Facts about Insurance 9: Health Insurance
A health insurance policy will cover your money back if you get bodily injury or medical contingency. Besides, medical emergency also can happen to every human suddenly.
Facts about Insurance 10: The importance of Health Insurance
The diagnostic charges, expensive medicines, expensive private hospitals, expensive specialists, etc are the reasons why health insurance is very important.
We have talked facts about Insurance. Are you interested to read this article? Do you know other facts about it? Hopefully, this article will help you to know more about Insurance.