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Understanding Insurance

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Property & Liability Insurance Principals Mind Map on Understanding Insurance, created by jaime.gard on 01/20/2014.
jaime.gard
Mind Map by jaime.gard, updated more than 1 year ago
jaime.gard
Created by jaime.gard over 12 years ago
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Resource summary

Understanding Insurance
  1. Major Roles of Insurance
    1. As a risk management teqnique
      1. Loss Prevention
        1. Loss Reduction
        2. As a risk transfer system
          1. Transfer Cost of Losses
            1. Share Cost of Losses
            2. As a business
              1. Property/Casualty Insurance
                1. Life/Health Insurance
                2. As a contract
                  1. Utmost Good Faith
                    1. Contract of Adhesion
                      1. Contract of Indemnity
                    2. Common Types of Personal & Commercial Insurance
                      1. Personal Insurance
                        1. Property & Liability
                          1. Homeowners
                            1. Personal Auto Policy
                              1. Personal Watercraft
                                1. Umbrella Liability
                                  1. Liability Coverage
                                    1. Comprehensive Coverage
                                    2. Life & Health
                                      1. Life Insurance
                                        1. Health Insurance
                                          1. Long Term Care Insurance
                                            1. Annuities
                                          2. Commercial Insurance
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