Insurance Services - JSS2 Business studies Lesson Note

Insurance companies offer a variety of services to protect you from different types of risks. Some common types of insurance services include:

• Health Insurance: This helps cover medical expenses in case you get sick or injured. It can pay for doctor visits, hospital stays, medications, and sometimes even preventive care like vaccines or check-ups.
• Auto Insurance: If you own a car, auto insurance can help cover the costs of repairs or medical bills if you get into an accident. It can also protect you if your car is stolen or damaged in some other way.
• Home Insurance: This protects your home and belongings from things like fires, theft, or natural disasters. It can help pay for repairs or replacement of your property if something bad happens.
• Life Insurance: Life insurance provides financial support to your loved ones after you die. If you have dependents, life insurance can help replace your income and cover expenses like funeral costs or outstanding debts.
• Property Insurance: This covers damage or loss to your property, including buildings, contents, equipment, and inventory. It can protect against events like fire, theft, or vandalism.