Insurance is an agreement where one party, usually an insurance company, agrees to pay another person or business for a loss that is agreed to under the terms of a contract. The likelihood of loss determines the amount charged for the protection. In general, there are six different types of individual insurance, such as Health Insurance Salisbury MD offered by Atlantic Smith Cropper & Deeley. These are as follows:
1. Life: This pays a chosen person or persons money upon the death of the insured.
2. Auto: This pays for damage done to the automobile, or person of the policy holder. The insurer may also pay for damage done to another party if it is determined that the accident was the fault of the insured.
3. Medical: Coverage is offered to pay for the expenses involved in medical care. This includes payment made to either the doctor or facility that rendered service, or to the patient who is then responsible for paying for the care received.
4. Long Term Care: Provides money to pay for the care of a person no longer able to care for themselves. Usually, certain criteria must be met, such as the person can no longer feed, clothe or bathe themselves. Payment may be made to either a nursing home or an individual.
5. Disability: Reimburses a person who has lost income due to an injury sustained at home or at work. The length of the benefit depends upon the severity of the injury and the length of time it takes to recover.
6. Property: Covers damage done to the interior and or exterior of a building or property. This type of insurance is required in order to obtain a mortgage. Flood insurance must be purchased separately.
Atlantic Smith Cropper & Deeley is a comprehensive insurance agency that offers access to various types of insurance carriers. Located in Salisbury MD, the company provides Health Insurance Salisbury MD as well as home, auto, life and flood coverage. The choices available to the person seeking help can be overwhelming. That is why it can be very helpful to seek the knowledge and care of an experienced insurance agency. An agent can help a person sort through all the options and costs that are offered, and help tailor a policy that meets the insured person’s exact needs.
