MANAGEMENT

Detailed explanation-1: -Coverage. Protection against a specific kind of loss. Peril. A cause of loss.

Detailed explanation-2: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.

Detailed explanation-3: -Losses fall into one of two categories in terms of property insurance: direct loss or indirect loss.

Detailed explanation-4: -What Does Specific Insurance Mean? Specific insurance is a type of property insurance in which only one individual property is covered by the policy. Specific insurance is an alternative to blanket coverage, in which a policy can cover many different properties or locations.