Insurance Policies You Must Know About

Posted On March 20, 2018 at 6:28 am by / Comments Off on Insurance Policies You Must Know About

Opting for an insurance policy can bestow numerous benefits on the users, but the main motive of going for an insurance cover is to secure the person’s future in any critical condition. Utmost one can explicitly live life and their family’s future is completely safe and secure.

But before holding any indemnity from life insurance companies, you must consider reviewing all the policies and schemes which vary according to a type of insurance like a car, life, health, electronic gadget. For more information on insurance policies, you can visit turnerinsurance.

Indeed, policies are different for each insurance type, for life insurance, policy falls into two categories: Term life insurance and Permanent life insurance.

TLI covers a certain period of life and death benefits will cover only when you die within the specified age limit defined in the policy terms. However, PLI pays a complete package of insurance whether you die the day after you sign the policy or 100 years later.


TLI policy has two term plans i.e annual and decade segregations. Annual TLI policy is least popular among people. You have to reinstate it yearly and it is not too expensive.

On the other side, PLI policies are tax-deferred which increases over a period of time and turn into hefty monthly installments.

This benefits the policyholders to make more money and because of this, PLI is quite expensive for families with limited monthly income.


Another type of insurance is for a car, which includes five different policies, i.e comprehensive, collision coverage, personal injury protection, medical payments and legal liability claims.

Always choose the right kind of car insurance Costa Blanca through reliable insurance company which suits your budget and needs.  

LLC claims the cost when car owner’s driver met with an accident or other such loss and expenses of medical coverage and maintenance of the vehicle is covered by PIP policyholder.

Learn the different types of insurance policies before buying the one that meets your specific needs. Read a post on Expatica that reveals all the details about insurance policies.

Moreover, if your old car has stolen or destroyed in fire then you can claim comprehensive coverage where you will get a cost of purchasing a new car, whereas collision coverage will pay the repairing cost of an accident car.