There are different types of insurance offered by a typical Chicago insurance company. The types of insurance are also classified based on the types of properties insured. Under these different types of insurance are sub categories. These categories further divide them into functions or limitations on claims. In general, different companies offer different types of insurance. So here are the types of insurance
The most common type of insurance offered by a Chicago insurance company is the auto insurance. The auto insurance protects the holder from financial problems in case the car caused a vehicular accident. Generally this type offers protection against financial loss. In other words, the insurance shall pay for the cost of the damage to property, which includes the vehicle of the other person and the other properties that have been damaged as well. This also includes protection against the medical expenses or the other costs that resulted from the accident, such as for the rehabilitation of the person who have been injured. In case of death, this also covers the financial cost from death, including the cost of funeral and the economic loss to the family of the deceased. All states require auto insurance for all the vehicles registered in each state so a typical Chicago insurance company generally offers this type of insurance. However, a Chicago insurance company that offers auto insurance generally offers non life insurance, this includes other non life insurance, such as fire and earthquake insurance or marine insurance.
Health insurance is another type of insurance offered by a typical Chicago insurance company. In this case, the company that offers health insurance offer what is called life insurance. It covers the medical cost including treatment of the policy holder. Depending on the health insurance coverage, this may include dental coverage and other procedures and treatment. Not all medical procedures are included. For example, most of the health insurance does not include cosmetic surgery. A Chicago insurance company that offers health insurance usually also carries life insurance. Life insurance offers protection against loss of income in case of death. Life insurance offers financial protection to the family of the policy holder. Once the policy holder dies, the family or the beneficiary will get the amount stated in the policy. Some life insurance policy can also be used as savings for retirement. Depending on the policy, the insurance may be changed after a given period of time so the policy holder may use if after retirement.
In order to find the right Chicago insurance company, it is necessary to evaluate the company. One should ask how long has the Chicago insurance company been in the business. One should also check out if the Chicago insurance company has complaints and cases against it. The Better Business Bureau is a good site for evaluating an insurance company.