What is life insurance? Benefits of Life Insurance

A life insurance policy is a contract between a person and an insurance company. The insurance company provides financial protection to the policyholder in exchange for monthly payments (known as premiums). According to the agreement, the insurance company will pay the individual or his family a lump sum payment after a specific period in the…

Progressive insurance and it’s Types

Progressive still is the third-largest private passenger vehicle insurance provider company in the United States. It has multiple flexible insurance options such as usage-based insurance and ridesharing insurance that appeal to a broad spectrum of drivers.  It is also consistently ranked as one of the finest automobile insurance firms in the country in industry evaluations….

What is farmers insurance and how it works?

Farmers Insurance ranks as the country’s fifth-largest home insurance plan and the seventh-largest insurer of vehicles. It also provides a wide range of other insurance options and financial products, including different mutual funds and annuities. They’re currently regarded as one of the industry’s top providers of auto and house insurance, as well as small business insurance. They…

What is Home Insurance and why it’s important

It’s a lovely feeling to own your own house. But have you taken all precautions to safeguard it? Simply locking your door does not ensure your home’s security. Several additional variables are out of your control. Getting house insurance coverage is an essential step in protecting your house. Most of us don’t understand how important…

What is a Mortgage Insurance? How it works

Mortgage insurance is a sort of insurance that compensates mortgage loans or bond lenders when borrowers fail to satisfy their payments. Mortgage default insurance and mortgage indemnity guarantee (MIG) are other names for it. How Mortgage Insurance Works?  Mortgage insurance protects lenders by repaying them for their losses if borrowers fail to repay their loans…

What is Renters Insurance? How does it works

Renters insurance is a type of property insurance that protects the insured from liability claims while also covering damage to personal goods. This covers injuries that occur in your rental but aren’t caused by a structural issue. Your landlord is responsible for any injuries caused by structural issues. Renters insurance covers everything from a single…

What is term life insurance? Benefits of Life Insurance

Term insurance is the purest form of life insurance, providing your family complete financial protection against life’s risks. In the event of your untimely death during the policy period, your family will get life insurance or a sum assured, depending on the term insurance plan you purchase. Types of life insurance¬† Following are the types…