Vehicle Insurance Auto Insurance and Its Type

Vehicle Insurance:.
Vehicle Insurance also know as auto insurance, GAP insurance, car insurance, or motor insurance is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical is to provide financial against physical damage and bodily injury resulting from traffic collisions and against liability that could also arise there from. The specific terms of vehicle insurance vary with legal regulations in each region. To a lesser degree vehicle insurance may additionally offer financial protection against theft of the vehicle and possibly damage to the vehicle sustained from things other than traffic collisions.
Public Policies:.
In many jurisdictions it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. Most jurisdictions relate insurance to both the car and the driver, however the degree of each varies greatly.
Several jurisdictions have experimented with a pay as you drive insurance plan which is paid through a gasoline tax. This would address issues of uninsured motorists and also charge based on the miles driven which could theoretically increase the efficiency of the insurance through streamlined collection.

Public Policies of vehicle insurance in Different country:.
Australia Vehicle insurance
Canada Vehicle Insurance
Germany Vehicle Insurance
Hungary Vehicle Insurance
Indonesia Vehicle Insurance
India Vehicle Insurance
Ireland Vehicle Insurance
NewZealand Vehicle Insurance
Norway Vehicle Insurance
South Africa Vehicle Insurance
United Arab Emirates Vehicle Insurance
United Kingdom Vehicle Insurance
United States Vehicle Insurance

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Life Insurance and Insurance Types

Life Insurance:.
life insurance or commonly life assurance especially in the is a contract between an insured and an insurer or assurer where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger payment. The policy holder typically pays a premium, either regularly or as a lump sum. Other expenses are also sometimes included in the benefits.
Life policies are legal contracts and the terms of the contract describe the limitations of the insured events. Specific exclusions are often written into the contract to limit the liability of the insurer, common examples are claims relating to suicide fraud war, riot and civil commotion.

Life-based contracts tend to fall into two major categories.
1. Protection policies
2.Investment

Term Insurance:.
Term assurance provides life insurance coverage for a specified term. The policy does not accumulate cash value. Term is generally considered pure insurance where the premium buys protection in the event of the death and nothing else.
There are three key factors to be considered in therm insurance:.
1. Face amount.
2. Premium to be paid
3. Length of coverage

Permanent Life Insurance:.
Permanent life insurance is life insurance that remains active until the policy matures unless the owner fails to pay the premium when due. The policy cannot be cancelled by the insurer for any reason except fraudulent application. and any such cancellation must occur within a period of time defined by law.

Whole Life Coverage:.
Whole life insurance provides lifetime death benefit coverage for a level premium in most cases. Premiums are much higher than term insurance at younger ages. but as term insurance premiums rise with age at each renewal, the cumulative value of all premium paid across a lifetime are roughly equal if policies are maintained until average life expectancy.

Car Insurance, Building Insurance, Home Insurance, Computer and mobiles insurance, Child Insurance, 

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