Mr. Insurance shares his knowledge about insurance to educate the general public and to make them aware of its benefits.
Classifications of Insurance
January 21, 2008The most common are:
1. Insurance of Property
a) Structure - covers house, building, warehouse or other structure;
b) Transportation - covers car, motorcycle, bus, truck, airplane, ship, equipment;
c) Goods - covers goods in transit or in storage.
2. Insurance of Liability
a) Liability to Third Party – Legal, Civil, or Criminal.
3. Insurance of Person
a) Life – covers death - natural or accidental;
b) Accident – covers accidental death, disablement, dismemberment, injuries;
c) Medical or Health – covers sickness, illness, injuries.
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