TRAVEL Insurance
This insurance is mandatory to travel abroad. Travel insurance provides financial protection against unexpected events that can disrupt or damage your trip. It covers a range of potential issues, including medical emergencies, flight deley or cancellations, lost or stolen luggage, lost of passport, personal liability and legal fee, Emergency evacuation and repatriation. The specific coverage offered can vary depending on the policy, but it generally offers peace of mind by helping to cover costs associated with unexpected events.
Travel insurance policies come in various forms, including:
• Single-trip insurance: Provides coverage for a specific trip.
• Multi-trip insurance: Offers coverage for multiple trips within a year.
• Annual travel insurance: Covers all trips taken within a year.
• Domestic travel insurance: Designed for trips within your home country
HOMEOWNERS INSURANCE
This is a type of property insurance that covers losses and damages to your home. It also protects assets in the house. The policy usually covers interior damage, exterior damage, loss or damage of personal assets like furniture, equipment's, electronics, cloths and injury that arises while on the property. This insurance also provides coverage against theft or robbery as add on cover.
This part of the policy covers you if someone is injured on your property or if you accidentally damage someone else's property. Some policies also cover the cost of temporary living arrangements if your home is uninhabitable due to a covered event.
LIABILITY INSURANCE
This Insurance covers the insured if they are found legally responsible for damages or injuries to others, protecting them from potential lawsuits and legal costs. For example, if a customer slips and falls in a store and is injured, and the store is deemed liable, liability insurance would cover the customer's medical expenses and any legal fees associated with the lawsuit.
PROFESSIONAL LIABILITY INSURANCE
Most favorite a doctor's professional liability insurance would cover the costs if a patient claims that the doctor made a mistake during a surgery, leading to injury or complications, as the patient might sue the doctor for negligence.
ENGINEERING INSURANCE
This is a specialized type of insurance designed to protect businesses and projects involved in engineering-related activities. It covers financial risks associated with construction, installation, and operation of machinery and equipment, offering protection against various accidents, breakdowns, and other unforeseen events that can disrupt project progress and cause financial losses.