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One
of the most important things to remember is that an insurance
policy is a contract between the insurance company and their
customer. The insurance company agrees to pay certain amounts of
money in case of loss and the customer agrees to pay the insurance
premiums that are required to keep the policy in place. If the
customer fails to pay the premiums due, the insurance may be
revoked, leaving the customer vulnerable.
The contract specifically makes the insurance company liable to
pay for any loss that is specifically stated in the insurance
policy. Most policies will accurately describe the types of losses
covered and the amount of money that the company will pay for
those losses.
With
the increase in public awareness and the consequent thrust of the
Insurance Industry in the areas of Health Insurance, Liability
Insurance and other personal lines of insurances, the miscellaneous
portfolio of Insurance is poised to be a sunrise portfolio of
General Insurance.
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Personal accident Insurance
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General Public Legal Liability Insurance
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Electronic Equipment Insurance
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Workmen Compensation Insurance
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Fidelity Guarantee Insurance
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Travel accident Insurance
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Thus miscellaneous insurance is an addition to your existing
insurance giving you an extra security.
Check this guide for information on the benefits of these Insurance
plans for you! |
