In Western countries, and since some time in Russia, insurance is becoming increasingly popular. Today, more and more people forget about the eternal Russian chance and conclude contracts that protect them from a wide variety of risks. Such contracts are called insurance contracts and mean that in the event of a certain situation, the insurer company will assume part of the financial obligations to eliminate the consequences.
Insurance programs are very diverse, you can insure anything - from personal property to your own life or the health of your beloved dog. Proof of the right to compensation is insurance policy. This is a document in which the risk itself is carefully recorded, the amount that is supposed to be paid upon the occurrence of an insured event, the payment procedure and cases when insurance compensation may be refused.
Types of insurance - what are they?
First of all, you need to know that all types of insurance are divided into voluntary and compulsory. The client draws up the former on his own initiative, and the latter is regulated by the legislation of Russia, and you cannot refuse them.
In addition, insurance programs fall into three broad categories:
- property;
- personal;
- insurance of various types of liability.
In fact, types of insurance represent different types of protection in specific situations. Well, you must admit that it’s one thing to compensate the neighbors from below for repairing the ceiling because you forgot to close the faucet in the bathroom, and it’s quite another to pay for the repair of an expensive foreign car.
Personal insurance includes:
- life insurance;
- various types of health insurance;
- medical insurance.
Property insurance includes:
- transport and cargo insurance;
- financial risks;
- other property.
Third type liability insurance involves:
- borrower insurance;
- car owners and carriers;
- other types of liability.
Within each species, a large number of policy options can be offered on a variety of conditions.
Life insurance
Life insurance programs are also divided into three main types:
- urgent insurance;
- lifelong;
- mixed.
You can also distinguish several groups, in accordance with other signs:
- Risky - a policy that ensures payment in case of occurrence of insurance events related to the life or health of the insured.
- Cumulative - the opportunity to raise funds for any event: a wedding, admission to college, with the simultaneous opportunity to protect your life and health.
- Investment - a tool for investing money. If the market grows, you will receive considerable income, and if it falls, then you will be returned all the money contributed. A feature of such a program is the immediate payment of funds after the death of the insured.
Medical policy
One kind personal insurance is a medical policy. This is primarily due to the fact that in Russia there is a compulsory protective program. Compulsory insurance guarantees all citizens to receive medical care if necessary. Also, the victim will be partially compensated for the costs of treatment, medication and rehabilitation.
In addition to the mandatory health insurance program, there is also voluntary insurance. Such a policy covers a much wider range of risks.Holders of voluntary medical insurance can count on the arrival of a paid ambulance, arrange treatment at a paid medical institution, get treatment at the dentist, go to a sanatorium and much more.
Checkout medical policy can be an individual or an entire organization if it wants to insure its employees.
Property insurance
Such a policy provides for insurance of risks associated with unintentional damage to one's or another's property. For example, it can be a fire, a robbery, a flood, breakdown of expensive equipment due to a voltage drop or other reasons, and much more.
One of the types of property insurance is providing business risks. Thus, it is possible to insure damage or loss of assets, disruption or invalidation of the transaction, others types of risks related to business.
Automotive - for transport and cargo
Today, without exception, all Russians with a vehicle are aware of this type of insurance, such as “auto citizen”, or liability insurance (CTP) to third parties. If you translate all legal terms into “human” language, then the CTP policy means that if you are involved in an accident and are the culprit, then the insurance company will pay the money for the repair of the victim’s car, and you can fix your car yourself.
If such liability insurance does not suit you, since you want to protect your own car, almost any insurance company will offer you a CASCO policy. This policy will protect your “iron horse” in almost any situation: from fire, flood, theft and accident, even if you are the culprit. In addition, for this type of policy, you can insure not only the car itself, but all kinds of “bells and whistles” installed on it: a car radio, styling details, an antenna, disks and so on.
Mortgage insurance, credit policy
One way to safeguard your liability is with credit insurance. This type of insurance is more likely to be mandatory than voluntary. The fact is that financial and credit institutions that issue money are very interested in getting them back. Therefore, often, loan insurance is one of the main conditions for obtaining it. In this case, the borrower can protect himself from a sudden dismissal, illness or any other risks that could interfere with the return of money to the bank.
Credit insurance is required if you decide to apply for a mortgage. Since this loan is long-term and is usually taken for 15-20 years, it is quite logical to make sure that the client does not lose the opportunity to repay it in such a long period of time.
Children's and sports insurance
Risk insurance related to sports injuries is quite popular today. Without the so-called sports insurance, not a single competition in any sport is held. 
And the responsible trainer will not let go of the training without insurance. Such a policy is especially important when a person is involved in traumatic sports: boxing, karate, aikido, skiing, high jumps and so on. The risk of injury in this case is very high, so you should take care of the availability of insurance in advance.
Separately, it is worth highlighting such a type of policies as child insurance. As you know, children are our everything, but only the immunity of this “everything” is still weak due to age, and motor activity, on the contrary, is much higher than that of adults. Perhaps that is why various troubles occur much more often with children: injuries to hands and feet, broken noses and various poisonings. Yes, you never know what else. Protecting the health of a child is the direct responsibility of every adult, which is why child insurance is gaining popularity in Russia.
Finally
As you can see, insurance programs are so diverse that it is simply impossible to list and discuss them in more detail in one article.
For example, there is accident insurance, travel insurance, baggage loss insurance and so on. Today you can insure anything, for any amount and term. The main thing is to choose the right company in the right way so that when an insured event occurs, you will not get another unpleasant surprise from the insurance company in the form of problems with paying the policy.
By the way, if you still decided to take out insurance, then you can save a lot on this by carefully studying the various programs. For example, collective insurance is much cheaper. This means that if you buy a voluntary health insurance not only for yourself, but for all members of your family, almost any insurance company will give you a substantial discount.
