MANAGEMENT

Detailed explanation-1: -Insurance coverage refers to the amount of risk or liability that is covered for an individual or entity by way of insurance services. The most common types of insurance coverage include auto insurance, life insurance and homeowners insurance.

Detailed explanation-2: -General insurance covers the loss or damages caused to all the assets and liabilities. The insurance company promises to pay the assured sum to cover the loss related to the vehicle, medical treatments, fire, theft, or even financial problems during travel. Health Insurance: Covers the cost of medical care.

Detailed explanation-3: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.

Detailed explanation-4: -An insurance premium is the amount you pay for an insurance policy. Insurance premiums are explained in your health, home and life insurance policies. Premiums can be paid monthly, quarterly, semi-annual or annually, depending on your provider and the type of insurance policy you get.