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there are two types of insurance

1. Life insurance

2. General insurance

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โˆ™ 2012-11-08 13:29:17
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Nutrition

23 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

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Q: What are the two types of insurance policy?
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Related questions

What life insurances does Liberty Mutual offer?

Liberty Mutual insurance offers two major types of life insurance to policy holders. Those two types are term life insurance and permanent life insurance.


Which of these is an element of universal life insurance?

This life insurance policy has two different types of death benefits.


Which of types of beneficiaries in an insurance policy?

primary and secondary


What are some different policy car insurance types?

Some different car insurance policy types include: combined single limit, split limits, rental coverage, collision insurance, comprehensive insurance, towing insurance and personal property car insurance.


What kind of insurance can be purchased from The Policy Shop?

The Policy Shop offers several different types of insurance. No matter what the need one is likely to find what they are looking for at The Policy Shop. Insurance types include car, home, bike, van, travel, and business.


Why is is important to have different types of insurance?

Since human needs vary, there is necessity for different types of insurance policies. While life insurance policies cater only policies related to individual life, general insurance has vast categories ranging from medical insurance, shopkeepers policy, householders policy, fire and burglary policy, marine policy, money transit policy and so on. Each policy cater to specific needs of the person or concern as the case may be.


What are types of beneficiaries of an insurance policy?

Primary and Secondary


Why would someone need to get two different types of car insurance?

Someone would get two different types of car insurance if their policies covered things the other didn't. For instance, If one policy covers physical damage but not bodily injury, the person may have a second policy specifically for bodily injury. Sometimes it is also cheaper for people to have two different policies.


Why is it important to have insurance?

Insurance is important because it is designed to pay various types of claims depending on the type of policy that applies. Important types of insurance typically include policies that are purchased for an automobile, a home and those provided by an employer, such as a group health insurance policy.


Will homeowners insurance cover a damaged wind turbine on your property?

There are two types of coverage, and insurance policy and a maintenance contract. Rarely do these offer the same coverages. An insurance policy is meant to cover you when an accident happens. You would need a maintenance policy, it's similar to a television set, when breakdown occurs then coverage may kick in.


What is contestability period in life insurance?

The Contestability Period in a life insurance policy is usually two years. You can find this by looking at the "Incontestable Clause" in your life insurance policy The Incontestable Clause states that after the life insurance policy is in force for two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy.


How do you renew a health insurance policy?

online renewal of policy does not require physical inspection of the vehicle. Buy Two Wheelar Insurance Policy:


Does an insurance policy supersede a will in nc?

An insurance policy and a will are two separate things. The policy is a contract between the insured and the insurance company. The beneficiary of the insurance policy is spelled out in the contract. The insurance company will pay the insurance proceeds to whoever is listed to receive the proceeds. The proceeds from an insuranc policy can be paid into the estate of the deceased and disbursed according to the terms of the will. The issue is who is listed as being the beneficiary of the insurance policy.


Insurance on a motorcycle?

In India, this is mandatory for buying an insurance policy for a motorcycle for at least 5 years with a comprehensive plan.Two-wheeler insurance is of two types.1. Comprehensive two-wheeler insurance.2. Third-party two-wheeler insurance.In the Comprehensive two-wheeler insurance policy, it covers both owner and third-party accidental damages.In Third-party two-wheeler insurance, it will only cover third-party accidental damages.For more info vist us at gibl.in


Is auto insurance necessary if you have motorcycle insurance?

This one is easy. If you have an automobile you need auto insurance. If you have a motorcycle you need motorcycle insurance. These are two different types of policies and one will not cover the other. Some insurance companies offer both types of policy so you can purchase both policies from the same company but if you own both you have to have both policies.


What are the Types of insurance in India?

There are two types of insurance: life and general. There are subcategories under these two categories.


What is a simplified issue insurance policy?

The simplified issue insurance policy is usually a policy that asks few or no medical questions. If it is a life policy the death benefit will be modified. The full face amount of the policy will not be paid until the policy has been enforced for two years. Depending on the terms of the policy the death benefit prior to two years may be a return of premium or a graduated benefit payment. With these types of policies it is important to read the fine print.


What do you mean by insurance coverage?

You have insurance coverage if you paid the premium required for that policy. The coverage will pay appropriate types of claims during the period of time of that policy.


Can you borrow from your insurance policy?

Borrow - No. You cannot borrow directly from your insurance policy. But, you can borrow with your insurance policy as "collateral". Only certain types of insurance policies where there will be a guaranteed payout at maturity will be eligible for loans. Simple pure term policies that pay nothing if you outlive the policy period will not be eligible for these type of loans.


What are the types of insurance companies?

There are two types of insurance companies: life insurance companies and casualty and property insurance companies.


Can two people have the same Car insurance policy but live in different household?

Two people in separate households can have the same insurance policy. Usually, you can give the insurance company separate garaging addresses.


What are the benefits of obtaining a level term insurance policy?

A level term insurance policy can be less expensive than other types of life insurance. However, the longer the term, the more expensive the premium will be.


How can you get a a copy of the last two cover sheets of your insurance policy?

From the insurance company.


What is incontestable period in life insurance?

The Incontestable Clause in a life insurance policy states that after the policy is In Force two years, the insurance company cannot void it because of misrepresentation or concealment by the insured in obtaining the policy.


Save Money On Insurance By Combining Policies?

Combining several insurance policies is a very fast way to lower your monthly bills. Many people have several different types of insurance, such as homeowner's insurance, life insurance, auto insurance, and health insurance. It's important to realize that some insurance companies offer all of these policy types and may provide special deals for individuals who purchase multiple types of insurance under the same policy. Contact your insurance company or look online for rates on various insurance types, then ask about putting a few different policies under the same provider in order to get a special discount.