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Function and Purpose of Insurance

http://www.ehow.com/video_4982871_homeowners-insurance-work.html?cp=1&wa%5Fvrid=b6839e7d%2Da10d%2D4301%2D908f%2Da661963a2add&pid=1&wa%5Fvlsrc= continuous Short video on why you should buy insurance. Function and Purpose of Insurance. What is the purpose of insurance?.

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Function and Purpose of Insurance

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  1. http://www.ehow.com/video_4982871_homeowners-insurance-work.html?cp=1&wa%5Fvrid=b6839e7d%2Da10d%2D4301%2D908f%2Da661963a2add&pid=1&wa%5Fvlsrc=continuoushttp://www.ehow.com/video_4982871_homeowners-insurance-work.html?cp=1&wa%5Fvrid=b6839e7d%2Da10d%2D4301%2D908f%2Da661963a2add&pid=1&wa%5Fvlsrc=continuous • Short video on why you should buy insurance

  2. Function and Purpose of Insurance

  3. What is the purpose of insurance? • Purpose of insurance is to protect the buyer from financial losses that can occur from events such as accidents, illnesses, theft, fires, or natural disasters. • Insurance can also provide a peace of mind that the buyer has extra protection

  4. Types of Insurance • High Priority (some are required to have by law): • Home • Car • Health • Personal Choice Insurance types include: • Life • Renter’s insurance • Disability • Dental • Long-term care • Pet, ATV, snowmobile, etc….

  5. How does insurance work? • When you buy insurance, you receive a contract called a policy that details the amount of money the insurance company agrees to pay in case of losses • The policy also identifies the premium, which is the amount the buyer agrees to pay for the coverage • There are numerous insurance companies available in person, online, etc; research the different types and choose one that bests fits you needs

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