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What are the three main types of insurance? ( UNder canadian law system)

What are the three main types of insurance? ( UNder canadian law system)

Solutions

Expert Solution

Below are the few main types of insurance.

  • Health insurance : The policy which protects the individual during their health issues such as injury, disease, disorder is called as health insurance.
  • Automobile insurance: The insurance which protect the individual automobile against any damage or accidents.
  • Home insurances: This insurance protect the shelter from any natural calamities.

Simillary there are many other insurance.

  • Life insurance
  • Liability insurance
  • Long term care insurances
  • Property insurances
  • Fire insurances etc.

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