Insurance in terms of risk insured from it



Insurance in terms of risk insured from it

The insurance can be divided into different branches on the basis of the type of insured risk. Fire insurance if the insured risk is the fire. Therefore, the fire insurance protects the insured property in the document from the risk of fire. If the insured property is damaged as a result of the risk of fire, the insured will pay the value These damages to the believer.

If the insured property is lost as a result of a burglary, the insured will pay the value of the lost property to the insured. Fire insurance and burglary are considered to be property insurance because The subject of insurance in a close fire is things or property.


  • The Earthquake insurance is guaranteed if the insured risk is earthquake. Therefore, the earthquake insurance protects the insured property in the document from the earthquake risk. If the insured property is damaged as a result of the earthquake risk, the insured will pay the damage to the insured.


  • We say flood insurance if the insured risk is flood, so flood insurance protects the property insured by the document from the risk of flooding If the insured property is lost as a result of the realization of flood risk, the insured will pay the value of these damages to the insured.


  • If the insured property is damaged as a result of the risk of the volcano, the insured will pay the value of these damages to the insured and insure the volcano is excluded in most countries.


  • The insurance of the hurricane is a cyclone, if the insured risk is hurricane, so the insurance of the cyclone protects the insured property in the document from the risk of hurricane. If the insured property is damaged as a result of the risk of hurricane, the insured will pay the damage to the insured.


  • War insurance If the risk against it is war, the insurance of wars is excluded for property on the ground and only allowed in marine insurance.


  • Terrorism insurance covers loss or damage to property caused by terrorism


  • Political risk insurance covers businesses with transactions abroad such as forward sale and investment against losses arising from political acts such as seizure, revolutions and delays in the transfer of funds.


  • We say fidelity guarantee if the insured risk is the misappropriation of the employee from the employer and tell the credit insurance if the insured risk is the bankruptcy of the debtor or non-payment to the creditor


  • Kidnap and ransom insurance is an insurance that pays a ransom if a person named by a name is kidnapped


  • Kidnapping coverage is an insurance that covers the consequences of abducting a person outside the insured property to force him to return and open the property or open the safe or give information to help


  • Crime insurance is insurance that covers the insured from losses arising from criminal acts such as theft, embezzlement and kidnapping committed by a third party


  •  Insurance of nuclear accidents Nuclear accident insurance


  • Insurance covers the damage caused by accidents involving nuclear materials and this insurance is at a national level because it is excluded from private insurance

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