The broad coverage includes a variety of types of insurance: Insurance, reinsurance, co-insurance, which generally constitute coverage. In a narrow sense, it is caused by contractual relationship between the insured and the insurer in order to protect the property interests of the insured in the event of a certain adverse events - insurance claims.
There are many approaches to the classification of types of insurance. But among the reputed types of insurance that are not associated with life insurance is property insurance. You can secure your property for your children because the value of any property gradually increases by time in most cases.
Currently, you can insure almost everything. Most often, insurance policies provide reimbursement for compensation in case of damage to the home or car. Health insurance is designed to pay for medical care in case of injury or serious illness.
Insurance policies, in some countries, offer people to fix a certain amount for number of years. If you fix a specific amount, for example ten thousand dollars for five years, they promise to give you double the amount you fixed.