Sources of Malaysia Law

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  • Topic: Insurance, Home insurance, Types of insurance
  • Pages : 2 (418 words )
  • Download(s) : 125
  • Published : May 19, 2013
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casualty insurance
Insurance for loss or injury to person or property.
indemnity insurance
Insurance which protects against loss, as opposed to insurance against oneÂ’s liability to others. liability insurance
Insurance which protects against oneÂ’s liability to others, as with automobile insurance that provides coverage for accidents in which the policyholder is at fault, or homeownersÂ’ insurance, which provides coverage for injury to those who are injured while on the homeownerÂ’s property. life insurance

Insurance for loss of life.

An agreement by an insurer to provide compensation or another benefit upon the occurrence of a specified risk causing harm to property or the person of an insured. Type of insurance
casualty insurance
Insurance for loss or injury to person or property.
indemnity insurance
Insurance which protects against loss, as opposed to insurance against oneÂ’s liability to others. liability insurance
Insurance which protects against oneÂ’s liability to others, as with automobile insurance that provides coverage for accidents in which the policyholder is at fault, or homeownersÂ’ insurance, which provides coverage for injury to those who are injured while on the homeownerÂ’s property. life insurance

Insurance for loss of life.

TYPE OF INSURANCE
Any risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as perils. An insurance policy will set out in detail which perils are covered by the policy and which are not. Below are non-exhaustive lists of the many different types of insurance that exist. A single policy may cover risks in one or more of the categories set out below. For example, vehicle insurance would typically cover both the property risk (theft or damage to the vehicle) and the liability risk (legal claims arising from an accident). A home insurance policy in the US typically includes coverage for damage to the home and the owner's belongings, certain...
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