Understanding Insurance

jaime.gard
Mind Map by jaime.gard, updated more than 1 year ago
jaime.gard
Created by jaime.gard about 6 years ago
20
0

Description

Property & Liability Insurance Principals Mind Map on Understanding Insurance, created by jaime.gard on 01/20/2014.

Resource summary

Understanding Insurance
1 Major Roles of Insurance
1.1 As a risk management teqnique
1.1.1 Loss Prevention
1.1.2 Loss Reduction
1.2 As a risk transfer system
1.2.1 Transfer Cost of Losses
1.2.2 Share Cost of Losses
1.3 As a business
1.3.1 Property/Casualty Insurance
1.3.2 Life/Health Insurance
1.4 As a contract
1.4.1 Utmost Good Faith
1.4.2 Contract of Adhesion
1.4.3 Contract of Indemnity
2 Common Types of Personal & Commercial Insurance
2.1 Personal Insurance
2.1.1 Property & Liability
2.1.1.1 Homeowners
2.1.1.2 Personal Auto Policy
2.1.1.3 Personal Watercraft
2.1.1.4 Umbrella Liability
2.1.1.5 Liability Coverage
2.1.1.6 Comprehensive Coverage
2.1.2 Life & Health
2.1.2.1 Life Insurance
2.1.2.2 Health Insurance
2.1.2.3 Long Term Care Insurance
2.1.2.4 Annuities
2.2 Commercial Insurance
2.2.1
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