Insurance - synonyms and encylclopedia

Last article was about insurance in Latvia (check it out). But in that article I forgot to mention what insurance is in general and how it is divided by types.

In this article I cover:

• Definition
• Insurance - word from encyclopedia
• Types of insurance
• And one secret I am going to do

Definition

In one word definition of insurance is protection or security. More broader following synonyms describe insurance - allowance, assurance, backing, cover, coverage, guarantee, indemnification, indemnity, provision, safeguard, support, warrant, warranty.
Want to know more? Read further.

Insurance - word from encyclopedia

Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

Insurance types

There are many insurance types and to know them all would be madness, however I compiled a little list of them:

• Health
• Accidental death and dismemberment insurance
• Dental insurance
• Disability insurance (Total permanent disability insurance)
• Income protection insurance
• Long-term care insurance
• National health insurance
• Payment protection insurance
• Vision insurance
•  
• Life
• Mortgage life insurance
• Permanent life insurance
• Term life insurance
• Universal life insurance
• Variable universal life insurance
• Whole life insurance
• Business
• Bond insurance
• Directors and officers liability insurance
• Fidelity bond
• Professional liability insurance
• Protection and indemnity insurance
• Trade credit insurance
• Umbrella insurance
• Residential
• Contents insurance
• Earthquake insurance
• Flood insurance
• Home insurance
• Landlords insurance
• Lenders mortgage insurance
• Mortgage insurance
• Property insurance
• Title insurance
• Transport/Communication
• Aviation insurance
• Computer insurance
• Public auto insurance
• Marine insurance
• Satellite insurance
• Travel insurance
• Vehicle insurance
• Other
• Reinsurance
• Casualty insurance
• Crime insurance
• Crop insurance
• Group insurance
• Liability insurance
• No-fault insurance
• Pet insurance
• Terrorism insurance
• Wage insurance
• Weather insurance
• Workers' compensation

One little secret: By the way I have this idea to make a website about insurance with all kind of useful information.

Today folks, that's all.