Unit 3 Personal Business & Finance January 2023 exam prep ( types of insurances)
311 views 0 purchase
Course
Unit 3 - Personal and Business Finance
Institution
PEARSON (PEARSON)
Unit 3 Personal Business & Finance January 2023 exam prep ( types of insurances) This document contains types of insurances that can be used in your exam.
Travel insurance is a plan you purchase that protects you from certain financial
risks and losses that can occur while traveling. These losses can be minor, like a
delayed suitcase, or significant, like a last-minute trip cancellation or a medical
emergency overseas.
● Personal accident covers in case of permanent disability/death during the time
of travel.
● Coverage for issues related to personal possession or baggage loss during
the course of the travel.
● Coverage for loss of passports and other important documents.
Pet insurance
Pet Insurance is a product that is suitable for cat and dog owners and is designed
to cover the cost of veterinary fees for injury only and cover for your legal liability.
Treatment for your pet if it suffers illness, injury or disease. The purchase price if
your pet dies due to an accidental injury.
● helps you cover the cost of veterinary treatment if your pet falls ill or gets
injured.
● Pet insurance providers will also usually pay out if your pet dies, is lost or
stolen, harms someone or damages property.
Health insurance
Health insurance, often called private medical insurance, is an insurance policy
that covers the costs of private healthcare, from diagnosis to treatment. You will
pay a monthly subscription that covers all or some of the cost of treatment for
acute conditions that develop after your health insurance policy has begun.
● Financial protection to individuals with catastrophic health events.
● Negotiating health services.
● Enhancing and ensuring the quality of clinicians and hospitals
Life insurance
Life insurance enables individuals to protect themselves and their families, in
case of any unfortunate happening in the life of the insurer.
● Features an investment component.
● Flexible premium payments
● Pay-out on death or on maturity
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller AngelaSteven. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.14. You're not tied to anything after your purchase.
