MANAGEMENT

Detailed explanation-1: -The most common types of insurance coverage include auto insurance, life insurance and homeowners insurance. Insurance coverage helps consumers recover financially from unexpected events, such as car accidents or the loss of an income-producing adult supporting a family.

Detailed explanation-2: -The amount of insurance is the amount of money that an insurance company is willing to provide financial coverage for, for a specific policy. For example, if your homeowner’s insurance policy has a limit of $300, 000, then the amount of insurance you have for this policy would be $300, 000.

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

Detailed explanation-4: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.