Watch full video on link given below-
https://youtu.be/jPZpvgUSL2Q
Motor Vehicle Insurance is the insurance coverage of risk arising out of the use of motor vehicle such as car, truck or other vehicles causing damage and loss to oneself as well as other’s property in an accident.
Motor Insurance is mandatory as per the Motor Vehicles Act passed in the year 1938 and subsequently amended.
Motor Insurance provides coverage related to property damage, bodily injury, medical expenses and any other sort of compensation in legal proceedings.
It is also referred as Auto Insurance, Vehicle Insurance and Car Insurance.
Types of Motor Insurance are -
Private Car Insurance
Commercial Vehicle Insurance
Defense Vehicle Insurance
Two Wheeler Insurance
Motor Vehicle Insurance generally comprises of following two components –
Third party liability coverage is the part of insurance policy which protects you in case you are sued or asked compensation for any physical injury or damage to someone else’s property by your vehicle accidently.
Third party liability could be of following nature – Bodily injury liability and Property damage liability.
Factors affecting premium of Insurance Policy-
Type of vehicle
Physical condition of driver
Geographical area of use
Age of vehicle
Losses Covered under Motor Insurance -
Loss or damage by accident, fire, lightning, theft, malicious act, natural disaster
Third party liability in form of injury ,death and damage to property
Medical Expenses
Exclusions under Motor Insurance-
Normal wear and tear
Damage when person was driving without license
Damage when person was driving in influence of alcohol
Damage due to a war
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General Insurance is defined as any insurance which is not determined as life insurance. There are various types of general insurance. Know about them here.
Watch full video on link given below-
https://youtu.be/jPZpvgUSL2Q
Motor Vehicle Insurance is the insurance coverage of risk arising out of the use of motor vehicle such as car, truck or other vehicles causing damage and loss to oneself as well as other’s property in an accident.
Motor Insurance is mandatory as per the Motor Vehicles Act passed in the year 1938 and subsequently amended.
Motor Insurance provides coverage related to property damage, bodily injury, medical expenses and any other sort of compensation in legal proceedings.
It is also referred as Auto Insurance, Vehicle Insurance and Car Insurance.
Types of Motor Insurance are -
Private Car Insurance
Commercial Vehicle Insurance
Defense Vehicle Insurance
Two Wheeler Insurance
Motor Vehicle Insurance generally comprises of following two components –
Third party liability coverage is the part of insurance policy which protects you in case you are sued or asked compensation for any physical injury or damage to someone else’s property by your vehicle accidently.
Third party liability could be of following nature – Bodily injury liability and Property damage liability.
Factors affecting premium of Insurance Policy-
Type of vehicle
Physical condition of driver
Geographical area of use
Age of vehicle
Losses Covered under Motor Insurance -
Loss or damage by accident, fire, lightning, theft, malicious act, natural disaster
Third party liability in form of injury ,death and damage to property
Medical Expenses
Exclusions under Motor Insurance-
Normal wear and tear
Damage when person was driving without license
Damage when person was driving in influence of alcohol
Damage due to a war
Thank you for Watching
Subscribe to DevTech Finance
General Insurance is defined as any insurance which is not determined as life insurance. There are various types of general insurance. Know about them here.
Chapter 6: FINANCIAL OPERATIONS OF I NSURERSMarya Sholevar
1-Liabilities: Loss Reserves
A loss reserve is the estimated cost of settling claims for losses that have already occurred but that have not been paid as of the valuation date . More specifically, the loss reserve is an estimated amount for (1) claims reported and adjusted but not yet paid, (2) claims reported and filed, but not yet adjusted, and (3) claims for losses incurred but not yet reported to the company .
Loss reserves in property and casualty insurance can be classified as case reserves, reserves based on the loss ratio method, and reserves for incurred but not reported claims.
2-Policyholders’ Surplus
Policyholders’ surplus is the difference between an insurance company’s assets and liabilities . It is not calculated directly—it is the “balancing” item on the balance sheet.
If the insurer were to pay all of its liabilities using its assets, the amount remaining would be policyholders’ surplus.
Surplus can be thought of as a cushion that can be drawn upon if liabilities are higher than expected.
Surplus represents the paid-in capital of investors plus retained income from insurance operations and investments over time.
The level of surplus is also an important determinant of the amount of new business that an insurance company can write.
3-Income and Expense Statement
The income and expense statement summarizes revenues received and expenses paid during a specified period of time .
Revenues are cash inflows that the company can claim as income. The two principal sources of revenues for an insurance company are premiums and investment income.
Earned premiums represent the portion of the premiums for which insurance protection has been provided .
Expenses Partially offsetting the company’s revenues were the company’s expenses, which are cash outflows from the business.
The major expenses for an Insurance Company:
Adjusting claims
Paying the insured losses
Underwriting
4-Measuring Profit or Loss
A simple measure that can be used is the insurance company’s loss ratio and expense ratio.
The loss ratio is the ratio of incurred losses and loss adjustment expenses to premiums earned .
Loss ratio= (Incurred losses+Loss adjustment expenses)/Premiums earned
The expense ratio is equal to the company’s underwriting expenses divided by written premiums .
Expense ratio=Underwriting expenses/Premiums written
5-Rate-Making Methods
ULIPs are innovative forms of life insurance that provide safety of your insurance cover with wealth enhancement opportunities. For more information visit - www.aegonreligare.com/ulip/ulip.php
Definition and basic characteristics of insurance. Requirements of an insurable risk. Types of insurance. Benefits and Costs of insurance to society. Fundamental legal principles of insurance. Functions of insurer. IRDA and recent trends in insurance sector in India.
Chapter 6: FINANCIAL OPERATIONS OF I NSURERSMarya Sholevar
1-Liabilities: Loss Reserves
A loss reserve is the estimated cost of settling claims for losses that have already occurred but that have not been paid as of the valuation date . More specifically, the loss reserve is an estimated amount for (1) claims reported and adjusted but not yet paid, (2) claims reported and filed, but not yet adjusted, and (3) claims for losses incurred but not yet reported to the company .
Loss reserves in property and casualty insurance can be classified as case reserves, reserves based on the loss ratio method, and reserves for incurred but not reported claims.
2-Policyholders’ Surplus
Policyholders’ surplus is the difference between an insurance company’s assets and liabilities . It is not calculated directly—it is the “balancing” item on the balance sheet.
If the insurer were to pay all of its liabilities using its assets, the amount remaining would be policyholders’ surplus.
Surplus can be thought of as a cushion that can be drawn upon if liabilities are higher than expected.
Surplus represents the paid-in capital of investors plus retained income from insurance operations and investments over time.
The level of surplus is also an important determinant of the amount of new business that an insurance company can write.
3-Income and Expense Statement
The income and expense statement summarizes revenues received and expenses paid during a specified period of time .
Revenues are cash inflows that the company can claim as income. The two principal sources of revenues for an insurance company are premiums and investment income.
Earned premiums represent the portion of the premiums for which insurance protection has been provided .
Expenses Partially offsetting the company’s revenues were the company’s expenses, which are cash outflows from the business.
The major expenses for an Insurance Company:
Adjusting claims
Paying the insured losses
Underwriting
4-Measuring Profit or Loss
A simple measure that can be used is the insurance company’s loss ratio and expense ratio.
The loss ratio is the ratio of incurred losses and loss adjustment expenses to premiums earned .
Loss ratio= (Incurred losses+Loss adjustment expenses)/Premiums earned
The expense ratio is equal to the company’s underwriting expenses divided by written premiums .
Expense ratio=Underwriting expenses/Premiums written
5-Rate-Making Methods
ULIPs are innovative forms of life insurance that provide safety of your insurance cover with wealth enhancement opportunities. For more information visit - www.aegonreligare.com/ulip/ulip.php
Definition and basic characteristics of insurance. Requirements of an insurable risk. Types of insurance. Benefits and Costs of insurance to society. Fundamental legal principles of insurance. Functions of insurer. IRDA and recent trends in insurance sector in India.
In this presentation we will deal with Insurance organizations, their operational structure, insurer’s function and key business terms used in this sector.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Can Web 2.0 positively impact Insurance organizations? A recent blogpost on the Buzz Machine says “no”:
“I think our relationship with an Insurance company is necessarily adversarial and one of mutual mistrust...I can't see any way that I'm going to see insurance as a social experience."
But Ori Fishler, Director of Internet Commerce for Edgewater Technology, will demystify the concept of Web 2.0 as simply a social blog spot by highlighting features that provide tremendous potential for insurance organizations, such as Mashups.
In one or the other form, we all have taken Insurance policies. It can be property, health, life, auto, liability etc.
“Insurance is a type of risk management in which the insured transfers the cost of potential loss to another entity in exchange for monetary compensation known as the premium”. Copy the link given below and paste it in new browser window to get more information on Insurance:- www.transtutors.com/homework-help/finance/insurance.aspx
Health Insurance products can be challenging in today’s insurance environment. LionShare Insurance Group offers a complete line of individual health and life insurance products that are crafted to meet you and your family’s specific needs.
Life and Health Insurance Tips and Complete Guide.pdfIGILife
Family Floater Health Insurance - A family floater health insurance is a type of policy customized to suit the entire family, under one single premium. The same protects and covers all family members against various illnesses, accidents, hospitalization, and other medical needs that may arise during one's lifetime.
An accident can occur at any time without any warning, and sometimes it can cause serious harm.
Any such untoward incident can have a significant impact on your finances; not only can the treatment be expensive, but if you suffer from any form of disability, it can affect your earning potential. You must think about how to manage, in case of an accident that may lead to disability.
Personal accident insurance provides a cover for permanent partial disability, temporary total disability and permanent total disability. If you suffer a grave injury, apart from expenses, there could be a loss of income at least for some time. The insurance will not only pay for expenses incurred in the treatment of injuries sustained but also provide a monthly or a gross payment till the time you aren’t working, which regular Life Insurance will not provide.
Even in the event of death, the future of your loved ones will be protected with a Personal Accident insurance.
With unpleasant surprises like accidents happening now and then, having insured for the accident is not an option. Even after an accident, one can enjoy financial stability and peace of mind if she/he had taken the Personal Accident insurance.
Dear all,
I am excited to present my project, which is a comprehensive analysis based on the book "What Every Indian Must Know Before Investing" by Vinod. The main focus of my presentation revolves around health insurance. Through an in-depth study of the book, I gained valuable insights into the structure of health insurance and the essential factors that investors must consider to identify the most suitable options from the wide array of insurance available.
Drawing from my understanding, I have carefully curated the most crucial points and endeavored to present the content in a simplified and easily understandable manner. It is important to note that I have omitted the tax benefits sections for now, but I may incorporate them at a later stage.
I genuinely hope that this presentation, along with the book, proves to be as helpful to you as it was to me in navigating the complexities of health insurance as an investor.
Thank you for your attention and consideration.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
2. WHY IS IT IMPORTANT TO HAVE INSURANCE? Risk - chance of loss from an event that cannot be entirely controlled Emergency savings - at least six months of expenses set aside to cover costs of unexpected events Insurance - transfers risk from an individual to an insurance organization is managed by What are examples of unexpected events that may result in a financial loss?
3. INSURANCE POLICY Experts say that buying insurance is buying financial security. Do you think this is true? Why or why not? Coverage – The risks covered and amount of money paid for losses under an insurance policy If the event happens the insurance company will make a payment to the policyholder (person who owns the policy) to cover all or part of the resulting loss Premium – Money paid to purchase the policy
4. AN ILLUSTRATION OF HOW INSURANCE WORKS Insurance shifts the risk of big loss from the individual to the insurance company With a 1% chance that any one of them could get sick and require $10,000 in medical care But, no one knows who will get sick If each person pays $100 into a “pool” they will collectively have $10,000 to cover the medical costs of the person who gets sick So, everyone gives up $100, but nobody loses more than $100 99 people do not collect anything, but they gain peace of mind and important protection against large loss
5.
6. THE INSURANCE PROCESS Claim - paperwork submitted to insurance organization describing the accident, illness or injury Deductible - amount of money paid out of pocket by policyholder before the insurance coverage begins Co-insurance - amount of money, after deductible, that is paid jointly by the insured and the insurance company Event occurs resulting in loss Policyholder makes claim to insurance organization Insurance organization determines if event is covered by policy If so, policyholder pays a deductible Remaining amount owed is paid by co-insurance (if applicable)
7. LOUISE’S ACCIDENT Even with insurance Louise still needs funds to pay the deductible and co-insurance What would Louise’s options have been if she did not have insurance? Louise pays the first $500 of any covered medical care plus 20% of the remaining costs Louise is in an accident resulting in a $5,000 medical procedure that is covered by insurance Louise pays $500 + 20% of the remaining $4,500 for a total of $1,400 The insurance company pays $3,600 what if…
8. YOU DO THE MATH! Carlos was involved in an automobile accident that resulted in $3,788 worth of damage to his car. How much does Carlos pay and how much does the insurance organization pay? Carlos has a property and liability insurance policy with a $500 deductible and 0% co-insurance How much does Carlos pay? How much does his insurance organization pay? $500 $3,288
9. WHICH INSURANCE POLICY WOULD YOU CHOOSE? Janet wants to make sure she has the best health insurance policy. She shopped around and received multiple quotes. What are the pro’s and con’s of each policy? 20% owed by policyholder 80% owed by insurance organization 0% owed by policyholder 100% owed by insurance organization $300 $200 $200 $2000 Current Policy New Policy Premium amount/month Deductible amount Co-insurance amount
10. WHY DO INSURANCE POLICIES INCLUDE DEDUCTIBLES AND CO-INSURANCE? Dollars paid from an insurance policy are not intended to make a person better off than before the loss happened
11. SOURCES OF INSURANCE In most cases, individuals acquire insurance from a combination of sources If an employer does not provide insurance, it may be acquired individually Health, disability, and occasionally life insurance Special programs for those who qualify and during catastrophes Individual Employer Government
12.
13.
14. HEALTH INSURANCE Doctors’ visits Medical procedures Mental health treatment Preventative care Hospital bills Prescription drugs Vision care Dental care Health insurance - provides money to pay for health care Employer Individual If dollars are limited, health insurance is extremely important to protect against high medical bills Government Provided by And/or Risks Covered
15. WHAT IF A PERSON CANNOT WORK OR LIVE INDEPENDENTLY? Why is each type of insurance important? Payment to replace earnings during times when workers cannot work due to illness or injury Payment for extended care when a person cannot live independently (but doesn’t need to be hospitalized) Provided by employers, individuals, and/or government Provided by individuals
16. PROPERTY & LIABILITY INSURANCE Property insurance - payment to insured person if his/her property is damaged or destroyed by an accident Liability insurance - payment to others if a member of the insured household accidently causes harm to other people or property Pays for loss to insured person Pays for injury or loss to others Provided by individuals
17. TYPES OF PROPERTY & LIABILITY INSURANCE Automobile insurance - payment for liability and property insurance on a vehicle Homeowners insurance - payment to cover liability losses and damage/loss of home and its contents Renters insurance - payment for damage/loss of property in a rental unit in addition to liability losses If a person drives an automobile, automobile liability insurance is required by law
18. LIFE INSURANCE May cover paid and unpaid work formally done by the individual Household production- unpaid work, such as child care or meal preparation Life insurance- payment to beneficiaries if an insured person dies Beneficiary- someone who receives insurance money if the insured person dies Dependent - someone who relies on someone else for money income and care When would it be necessary to purchase life insurance? Provided by employers and/or individuals
19. IN REVIEW… Insurance is an important part of a financial plan Insurance is not intended to make an individual better off than before the event Insurance may be acquired from multiple sources Even with insurance, an individual should still have funds to pay the deductible and co-insurance There are several types of insurance for specific purposes
20. WHAT COVERS THIS RISK? You are having a baby and need medical care Health Insurance
21. WHAT COVERS THIS RISK? After back surgery, you are unable to work for six months Disability Insurance
22. WHAT COVERS THIS RISK? You are elderly and need assistance to continue living at home Long-term Care Insurance
23. WHAT COVERS THIS RISK? Your home is destroyed by a tornado and you need to rebuild Property Insurance Specifically Homeowners
24. WHAT COVERS THIS RISK? The car you are driving causes an accident that injures someone else Liability Insurance Specifically Automobile
25. WHAT COVERS THIS RISK? A sudden death of a family member results in loss of income Life Insurance