A blog about the different types of Insurance

If you’re like me, you’ve probably wondered how people afford to buy different types of insurance for their homes and cars. After all, I’m still paying off my student loans—and I’m not even a big spender! But as it turns out, there are a lot of different types of insurance that can help protect your home and car in case of an emergency. And this is just the tip of the iceberg—there are other types of insurance that might make sense for your life as well. In this post we’ll take a look at five common categories of insurance that many people overlook but could really benefit from:

HomeOwners Insurance

Homeowners insurance is a type of property insurance that covers your house, its contents and other structures on your property. It also covers liability for any injuries to others or damage to their property that you may cause.

Homeowners Insurance can be broken down into four basic categories:

• Personal Property Coverage
• Liability Coverage
• Loss Assessment Coverage
• Additional Living Expenses Coverage

Auto Insurance

Auto insurance protects you from financial loss due to accidents. Your auto insurance pays for the damage to your car, another person’s car and property, and your legal expenses if you are at fault in an accident. It also covers medical expenses resulting from an accident.

Boat Insurance

Boat insurance is important to have, but it can be very expensive. If you’re looking for a good deal on boat insurance, we recommend you compare quotes from companies like iInsure.

The reason why boat insurance is so expensive is because boats are complex and expensive to repair if they get damaged. You probably won’t be able to afford buying another one if your current one gets damaged beyond repair!

Boat insurance also provides other benefits: it covers theft of the boat, vandalism or malicious damage by others who don’t own the vessel and any costs associated with salvaging the vessel in case of an accident that causes damage.

Life Insurance

Life insurance is a financial product that pays a benefit to a beneficiary upon the death of the insured. It can be used to provide for dependents in the event of the policyholder’s death, and/or as an investment vehicle. Life insurance policies are purchased based on several factors, including age and health status.

Life insurance has many common uses:

• paying off outstanding debts such as mortgages or credit card balances
• covering funeral costs (either directly or by funding a trust)
• providing money for your spouse/partner/children if you die before they’re financially independent

Business Insurance

If you own a business, it is important to have the right insurance in place. As a business owner, you are responsible for the losses that occur on your premises. If your customer slips and falls in your store, or their car is damaged by an object that falls off of one of your shelves and hits them outside the store, you could be held liable for their injuries.

Business insurance can protect you from liability associated with these incidents as well as property damage caused by natural disasters or other events such as vandalism. Business interruption insurance can also help protect against losses caused by unexpected shutdowns due to fire or flood damage and cyber liability insurance helps protect businesses from cybercrime like hacking into personal information stored online.

Don’t forget to make sure you have insurance for things other than your car and house if it makes sense for your life.

Many people think of insurance as a thing for cars and homes, but there are many other things you might want to consider insuring as well. For example…

• Your car
• Your life
• Your health and medical bills (if you have an illness or injury)
• Your family 
• Traveling 
• Your pets

Looking for a way to protect all of the investments that matter in your life without overspending to do so? Our office can help you out with all of your boat, home, auto, or business insurance needs, ensuring that you always have the peace of mind you need in all aspects of your life. Contact iInsure today to learn more about how we can protect you!