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Types of Insurance

Fundación MAPFRE

Created on February 16, 2022

Types of Insurance

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Types of Insurance

Insurance companies offer insurance as different as the risks they cover. Basically, insurance is divided into three types:

Damage or Property Insurance

Personal Insurance

Service provision insurance

The individual is protected against the occurrence of an event that directly affects them, such as death, survival, alteration of their health or, on some occasions, their psychological integrity.

Personal Insurance

In personal insurance, the object of the insurance is people.

Personal Accident Insurance

Health or Sickness insurance

Dependency Insurance

Life Insurance

Pension Plans

2. Indemnización

1. Solidaridad humana

Damage or Property Insurance

The main purpose of these insurance types is to repair any loss incurred by the assets of the insured as a consequence of a claim.

In Damage or Property Insurance, property is insured.

Civil liability Insurance

Automobile Insurance

Agricultural Insurance

Fire Insurance

Pecuniary Loss Insurance

Credit and Surety Insurance

Transport Insurance

Engineering Insurance

Theft Insurance

Multi-risk Insurance

1. Solidaridad humana

Damage insurance is divided into two main groups:

Civil liability insurance

This indemnifies the insured against damage to their assets as a result of a claim made against them by a third party.

Asset insurance

This indemnifies the insured for material losses suffered by their assets. In some cases, the assets are repaired or replaced.

Service provision insurance

As the name implies, some type of service is performed: a relocation, a funeral service, a professional counseling or advocacy service, etc. In some cases, it also includes financial compensation.

This consists of providing a service to the insured.

Travel insurance

Funeral Insurance

Legal Defense Insurance

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segurosypensionesparatodos.fundacionmapfre.org

segurosypensionesparatodos.fundacionmapfre.org

segurosypensionesparatodos.fundacionmapfre.org

segurosypensionesparatodos.fundacionmapfre.org