What is the purpose of life insurance?
Life insurance provides financial protection to beneficiaries upon the death of the insured individual.
What type of insurance covers damage to a vehicle?
Auto insurance covers damages to vehicles and provides liability coverage for accidents.
Which insurance type covers personal belongings against theft?
Homeowners or renters insurance protects personal property against theft, fire, and other risks.
What does liability insurance primarily cover?
Liability insurance protects against claims resulting from injuries and damage to people or property.
What type of insurance is designed to cover healthcare expenses?
Health insurance helps cover the cost of medical services, treatments, and medications.
Which insurance provides protection during international trips?
Travel insurance covers trip cancellations, medical emergencies, and lost luggage during travel abroad.
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What does disability insurance provide?
Disability insurance offers income replacement if an individual cannot work due to injury or illness.
Which insurance covers flood-related damages?
Flood insurance specifically covers losses due to flooding, typically excluded from standard homeowners policies.
What is a deductible in an insurance policy?
The deductible is the amount a policyholder must pay out-of-pocket before the insurer covers the remaining costs.