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What is the insurance, types of insurance and the object of this

Definition of insurance:

Insurance is a successful system to mitigate an accident for a person, such as exposure to theft or a physical accident, and the goal of this method is the integrated cooperation between the persons participating in the insurance to face the crisis of each participant in the event of danger. Where each individual subscriber pays the subscription duty (monthly or annually), the specified amount is collected and distributed to those affected by the disaster. This is what drives people to become one. And this is what makes insurance the best way to mitigate the effects of physical and material disasters. It is a means of safety and the spirit of the modern era in which the requirements of life abounded, the danger of the machine increased, and the dangers of development became clear. 

Types of insurance:

1- Private insurance:

  1-1 Personal Insurance:

It is the type of insurance that relates to the person of the insured and covers risks that cause a decrease in the persons’ future income or the person’s ability to earn. It is divided into two parts:

   1-1-1 Life insurance: There are three types of insurance:

-Life insurance.

-Death insurance.

-Life and death insurance together.

   1-1-2 Injury insurance: It is divided into two types:

-Personal accident insurance.

-Disease insurance.

 1-2 Property Insurance:

These are the types of insurance that cover risks in which the subject of insurance is human property, including:

Marine insurance - fire insurance - theft insurance - livestock insurance - glass breakage insurance - property insurance from earthquakes, volcanoes, disturbances, revolutions and wars - agricultural crops insurance against rain and natural phenomena.

  1-3 Civil Liability Insurance:

These are the types of insurance that cover the risks of civil liability, and the most important of these types are:

• Insurance of civil liability for owners of cars, ships and planes.
• Securing civil liability for owners of public stores such as cinemas, theaters, restaurants and hotels.
• Insurance of work injuries and occupational diseases.
• Insurance of civil liability for owners of buildings, warehouses and garages.
• Civil liability insurance for contractors.
• Insurance of civil liability for food producers and distributors.
• Insurance of civil liability for owners of liberal professions such as engineers, accountants, doctors, owners of beauty institutes, pharmacists and others.
• Securing the civil liability of the owner before the neighbors for the damage he causes as a result of a fire that broke out in his building and spread to the neighbors' buildings and properties.
• Securing the civil liability of the lessee before the owner for the damage caused by a fire that broke out in the place leased to him.

2- government insurance:

It is every insurance that the state enters into with the intention of supporting it or imposing it compulsorily to protect a certain category, as is the case in compulsory insurance against car accidents, social insurance where the state participates in bearing part of the costs besides the share of the employer and the worker. Government social insurance includes disability, death, old age and health insurance Social.

Practical division of insurance

In England, insurance is divided into four types:

- life insurance
- fire insurance
-Marine insurance
- accident insurance

As for the situation in the United States, the division differs from one state to another, and all species are usually placed in two different groups:

  2-1 Groups of Persons’ Insurance:

It includes individual and group life insurance, industrial life insurance and disability insurance.

  2-2 Group of property and liability insurances:

It includes fire insurance, marine insurance, liability, breach of trust, credit insurance, theft and breaking glass...etc.


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