What Are the Different Types of Insurance?
                     What Are the Different 
Types of Insurance?
An Overview
In simple terms, insurance is a legal agreement that is held 
between two parties including the insured and the insurer. After 
investing in an insurance policy, the insured offers financial 
coverage for the losses and bear other circumstances too. 
Clearly, the insurance covers the monetary risks of a company or 
an individual too. In order to get coverage, the policyholder has 
to pay a certain amount to the insurance company which will 
cover all the losses mentioned in the policy. 
Types of insurance policies: 
01 Health Insurance Policy
02 Home / Property Insurance Policy
03 Travel Insurance
Health Insurance Policy
A health insurance policy is beneficial for 
everyone. In fact, you can invest in a health 
insurance policy for yourself and your family 
as well. You can buy a health insurance policy 
for your siblings, parents, spouse, and 
children. Whenever you need medical help, 
you can get admitted to any hospital under 
your panel and all your expenses will be paid 
by your insurer. 
Home / Property 
Insurance Policy
Natural and man-made calamities can harm 
or damage your valuable property. Investing 
in a home or property insurance policy can 
prevent you from losses. MPMS provides cost-
effective landlord insurance in Maryland. 
Losses due to floods, theft, and other mishaps 
can be alleviated by investing in a home or 
property insurance policy. 
Travel Insurance
If you are a frequent traveler then you should 
invest in the travel insurance policy. This 
helps you get amazing benefits while booking 
tickets and more. However, if you don’t travel 
much then you shouldn’t invest in this 
insurance policy. 
Thanks
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