Why Personal Insurance

Personal insurance is any insurance that protects you from having to pay out of pocket for accidents, illness or damage to your property. To get insurance, you agree to pay a monthly or annual premium in return for a payout when you need it. Types of personal insurance.. Getting an insurance plan becomes the last thing on your priority list. But be warned: this is a major mistake you’ll want to avoid at all costs. Here’s why. What is insurance, and why is it important? The benefits of insurance, by definition, is to protect against unwanted events that could occur.. Also, you might be covered under your corporate personal accident insurance, but still it is necessary to buy your personal accident insurance policy. A personal accident coverage should be minimum 5-10 times of your annual salary, but your employer’s coverage may be of a lesser amount.. Why a PA plan is an important component of your overall insurance coverage. Not everybody thinks that personal accident coverage is necessary or crucial. Some may even believe that personal accident insurance coverage is more suitable for individuals employed in high-risk occupations or by those partaking in risky day-to-day activities..

You need insurance to protect your life, your ability to earn income, and to keep a roof over your head. Henrik Sorensen / Getty Images. You can insure almost anything under the sun, but certain things absolutely need to be properly insured. This typically includes your life, your health, and your property. At a minimum, it's important to have .... General group insurance (offered by The Personal) This kind of group insurance offers preferred rates and tailored coverage to employees or members of an organization that has an agreement with a property and casualty insurance provider. Members of different groups can get car, home, pet or travel insurance coverage. What is a group?.

Why do you need personal accident insurance? Even after an accident, you can enjoy financial stability and peace of mind. This is what Manish Bhatia discovered after an accident. The advertising professional was heading for a client meeting when the accident occurred.. Personal lines insurance includes property and casualty insurance products that protect individuals from losses they couldn’t afford to cover on their own. These types of insurance lines make it ....