Insurance: Not just mitigating loses but securing future

Posted by Angela Chandler on March 16th, 2016

Insurance is one such tool in todays insecure world that gives a sense of security to people. Life these days have shortened and with the increase in the number of crimes and accidents the danger of death is always tolling on the head. The question seldom arises in the mind: Are we secure? What if the bread earner of the family meets with the accident? Can a wife bear the medical expenses? Insurance is that tool which covers not just the risk of life, but also medical, accident, fire and many. Initially people were aware of just the life insurance, but with the change in times, the types of policies also increased like:

  1. Life Insurance: The life of people is insured by paying a monthly premium spread over a longer period of time like 20-25 years. The insurer can claim the insured amount at the maturity of the policy or at the time of the sudden death of the person insured. It helps the people associated with the insured like a wife and children to mitigate the loss by the insured amount which helps in the education and sustainence of the family members.
  2. 2.General Insurance: General insurance covers the risks apart from life. The risks which are not catastrophic, but can lead to heavy financial losses such as:

 I.Home Insurance: A house is the dream of every individual and the residents of Lowcountry work very hard to make their dream homes a reality. Lowcountryinsurance is a way to secure the house from possible risks like theft, accidents, fire or damage due to any unforeseen circumstances that can make a person homeless.

  II. Auto Insurance: Vehicles are a major source of transportation and a source of earning for many residents in Pawleys islands. Many people get Auto insurance in Pawleys islands to ensure that the risk of their vehicles is covered in case of accidents. In case of accidents the drivers at risk and the passengers are covered in the policy and can claim a mediclaim. There are also provisions for reimbursing the towing charges, collision cover, etc.

  III. Mediclaim: Health is wealth and the greatest asset of mankind. But what if a person suffers a heart stroke or gets a fractured leg in an accident? The unforeseen risks to health can be covered by the health insurance policy and the person can claim a mediclaim. This not only saves the person, but also mitigates the financial loss. Georgetown insurance is known for getting the health insurance and people in Georgetown believe in securing not just future, but also present.

 IV.  Flood Insurance: These days it is normal to hear about Tsunamis and Hurricanes, but the coastline is a nightmare for the people living on islands and nearby coastlines.

 V.  Small Business Insurance: Small business men in Murrels inlet believe in insuring their business as they believe that the source of bread and butter should always be safe and protected. Murrel inlet insurance is one such way of insuring the business and life of the near and dear ones by keeping them financially secured.

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Angela Chandler

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Angela Chandler
Joined: June 29th, 2015
Articles Posted: 12

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