What are the different forms of insurance available in Lethbridge?
Insurance comes in many different forms. From auto and property insurance to business and liability insurance, you can find policies to cover you from a wide range of risks and losses. The first step to getting good insurance policies, however, is to know and understand the different forms of insurance available to you.
Auto and property insurance
Auto and property insurance policies are aimed at protecting you from the costs of damages and losses caused to your vehicle, home, or belongings. There are also liability plans that can cover you from third party claims based on negligence or accidents.
Life, accident, and sickness insurance
Life insurance comes in two forms: permanent and term policies. Permanent life insurance covers you from the time you get the policy to the time that you pass away and the claims are paid to your beneficiaries. Term life insurance covers you for a certain number of years or until a certain age. Accident and sickness policies, on the other hand, cover you for losses that are caused by sickness, critical injury, disability, and other stipulated causes. This type of Insurance is similar through most of Alberta, and indeed, all of Canada.
Health and dental insurance
Health and dental insurance policies cover the costs of any medical or dental procedures that are listed in the terms of the contract. Your health and dental insurance are designed to cover expenses beyond those that are already covered by the public health care system.
Business insurance
Finally, business insurance is one of the most complex forms of insurance, with numerous types of policies offered on business practices, products and services, and third party relations. If you get business insurance, it's important to discuss your needs with insurance, finance, and legal advisors who can help you get the best coverage.
