Insurance Types

  Common Types of Insurance Claims Oxford Insurance has seen many claims come through our company. Some claims are bizarre and some are, unfortunately, fairly common. Here are a few types of claims we see regularly. Auto Insurance Claims: Auto insurance claims are among the most common types of claims . Accidents, hit and runs, damage from animals, debris flying up and hitting your vehicle- some you can prevent, some you can’t. We recommend always being aware of your surroundings, buckling your seatbelt, obeying the speed limit, and keeping your road rage in check. Homeowners Insurance Claims : Homeowners insurance covers your property and its contents from a wide range of perils, including natural disasters, theft, and liability claims. Common homeowners insurance claims include damage caused by fire, storms, burglary, or water leaks, our most common type of home insurance loss. How can a homeowner prevent water losses? Sam...

  4 Types of Insurance Policies and Coverage You Need Key Takeaways Life insurance will help provide financially for your survivors. Health insurance protects you from catastrophic bills in case of a serious accident or illness. Long-term disability protects you from an unexpected loss of income. Auto insurance prevents you from bearing the financial burden of an expensive accident. 1. Life Insurance The two basic types of life insurance are traditional whole life and term life. Whole life can be used as an income tool as well as an insurance instrument. It includes a death benefit and also a cash value component. As the value grows, you can access the money by taking a loan or withdrawing funds and you can end the policy by taking the cash value of the policy. Term life covers you for a set amount of time like 10, 20, or 30 years and your premiums remain stable. Commonly the most affordable type of life insurance , a term policy can work to cover the years duri...

  Understanding Different Types of Auto Insurance Coverage Auto insurance is a crucial shield, but deciphering the coverage types can be like navigating a maze. Here at Alpine Ridge Insurance , providing auto insurance to individuals in the greater Auburn, WA area, we want to help you understand the different types of auto insurance coverage available. Auto Insurance Coverage Options Liability Insurance A legal mandate in most states, liability insurance covers injuries and damages to others if you’re at fault in an accident. It comprises two components: bodily injury liability (for medical expenses) and property damage liability (for repairs). Collision Coverage  When your car meets an obstacle, such as a vehicle or a pole, collision coverage steps in. It aids in repairing or replacing your vehicle minus the deductible. Comprehensive Coverage  Beyond collisions, cars face other risks, like theft, vandalism, or natural disasters. Comp...

  9 Insurance Blog Topics to Attract Leads to Your Agency Content marketing can be a powerful method for attracting insurance leads and producing conversions. Blog content, in particular, allows you to connect with current and prospective clients while improving search engine rankings. Finding ideas for new and engaging insurance blog posts can be difficult, however.  Many website visitors find insurance-related content inherently dry or confusing, so it takes a little extra effort to keep them engaged. This presents both a considerable challenge and an opportunity. Outshine the competition with quality blog content, and you’ll have no trouble attracting — and retaining — clients. For inspiration, we’ve highlighted nine of the best insurance blog topics to keep your website feeling fresh. A few ideas include: Table of Contents 1. Explain available types of insurance 2. Insight into local insurance requirements 3. Infographics and other visual conten...

  What Types of Personal Insurance Coverage Do I Need? What Is Personal Insurance ? The term “personal insurance” is usually used to distinguish personal policies from commercial ones. Personal policies generally provide insurance protections for individuals, while commercial policies normally insure businesses, non-profit organizations and similar entities. There are a few uncommon situations where a personal policy might provide certain protections for a business. For example, a homeowners insurance policy might cover an entire house, including a home office located within the house. These situations are relatively rare and must meet specific requirements, though. In the vast majority of cases, personal policies only provide protections for individuals, and not for businesses. What Types of Personal Policies Are There? Many different insurance policies fall under the category of personal insurance. Homeowners, condo and renters insurance policies are all normally per...

  Types Of Life Insurance Policies   Different Types of Life Insurance There are two main types of life insurance: term life and permanent life. Then, there are several subtypes of permanent life insurance to consider. Compare Different Types of Life Insurance Life insurance types are often distinguished by how long the policy can last, whether it builds cash value, and whether the premiums or death benefit can be variable. Type of life insurance Policy length Cash value Premiums Death benefit Term life Level term period varies, but often can be 10, 15, 20 or 30 years No Multiple options: Level, annual renewable, decreasing Fixed Whole life Permanent Yes Level Fixed Universal life Permanent Yes Might be flexible Might be flexible ...

  6 Types of Insurance You Need at Every Life Stage 6 Types of Insurance You Need at Every Life Stage When it comes to insurance, most people have the basics — like car and health insurance — covered. What you might not have considered, though, are additional supplemental plans that can prove very valuable. Depending on your life stage, various insurance options like life insurance, homeowner’s insurance, long-term disability insurance, long-term care insurance, critical illness insurance — and even travel insurance — can not only save you money but can also provide peace of mind. Signing up for these additional plans is a personal decision. Still, the following guidelines will help you consider how and when each of these policies could benefit you, and potentially your family, the most. Life insurance Life insurance comes in two forms — whole and term — both...

   8 types of insurance policies and coverage you need in 2024 Key points The most important types of insurance are auto , home, renters, umbrella, health, long-term care, disability and life. Assessing your personal insurance needs and budget constraints with an insurance agent can help you determine which policies to buy and how much coverage you need. Insurance policies can protect you financially when unforeseen problems damage your home, car or health. 8 types of insurance you need Insurance can be a cost-effective way to protect yourself financially from expensive issues like a house fire, car accident or serious health condition. Understanding the different types of insurance and coverage options available can help you determine what is best for your needs and budget. Depending on your personal circumstances, you may want to consider: Car insurance Homeowners insurance Renters insurance Umbr...

  The exact types of insurance you need in your 20s, 30s and 40s You need to buy insurance to protect yourself, your family and your wealth. An insurance policy could save you thousands of dollars in the event of an accident, illness or disaster. As you hit certain life milestones, some policies, including health insurance and auto insurance, are virtually required, while others like life insurance and disability insurance are strongly encouraged. Insurance isn’t the most thrilling to think about, but it’s necessary for protecting yourself, your family and your wealth. Accidents, illness and disasters happen all the time. At worst, events like these can plunge you into deep financial ruin if you don’t have insurance to fall back on. Some insurance policies are unavoidable (think: car insurance in most U.S. states), while others are simply a smart financial d...