Personal Short Term Insurance.
“One never notices what has been done;
one only see what remains to be done.”
– Diana, Princess of Wales
PERSONAL SHORT TERM INSURANCE
Insurance provides financial protection against a loss arising out of happening of an uncertain event. A person can avail this protection by paying
premium to an insurance company.
A pool is created through contributions made by persons seeking to protect themselves from common risk. Premium is collected by insurance companies which also act as trustee to the pool. Any loss to the insured in case of happening of an uncertain event is paid out of this pool.
Insurance works on the basic principle of risk-sharing. A great advantage of insurance is that it spreads the risk of a few people over a large group of people exposed to risk of similar type.
CAR INSURANCE
Depending on the cover selected, vehicle insurance can provide cover against damage to your vehicle caused by an accident, fire, theft, hijacking,
hail and liabilities to third parties.
HOUSEHOLD INSURANCE
Household Insurance covers all your personal possessions inside your home belonging to you and the members of your household who live with
you. Insurance is needed to protect your household belongings against fire, theft, water, wind, storm damage etc. even though you think it might be
sufficiently protected by state of the art security measures or live in a secure neighborhood.
ALL RISK INSURANCE
All Risks cover is an optional extra on your contents insurance, to cover certain items for loss, damage or theft, when they are outside of the home.
Items such as laptops, mobile phones, tablets, bicycles, jewelry and hearing aids, to name a few, will need to be specified on the policy if you want
these items to enjoy comprehensive, worldwide cover.