An insurance policy can be purchased for yourself, a home you rent or own, and for your automobile of choice. By paying an insurance premium, the insurance company will pay for a covered loss. With the multitude of insurance options on the market, a good starting ground is determining what your needs are. Great Asheville Insurance Companies are a dime a dozen.
Health insurance covers an insured’s medical and surgical costs. As healthcare has changed in the recent years, many people find coverage through their employers, the government or health insurance companies directly. With most health insurance, a policyholder either pays their medical bill out-of-pocket and seeks to be reimbursed by their insurance provider, or they pay their provider directly. There are various policies and companies to choose from with specific criteria for each policy. For example, medicare and medicaid are two types of health insurance coverage which have specific criteria a policyholder must meet in order to qualify for coverage.
With an auto policy, a consumer can insure their vehicle for a covered loss, such as an accident. A policyholder can obtain coverage to extend to another vehicle and/or person involved in an accident, if the policyholder is the cause of the accident. The policyholder pays a premium to their insurance company upfront, or sets up a monthly payment. The premium is determined by what coverage the policyholder selects, as well as their past driving record, credit rating and age.
A Life insurance policy can be purchased to provided named beneficiaries with a lump sum of money in the event of a policyholder’s death. Term life insurance covers a set period of time, while whole and universal life insurance provide lifetime coverage. A universal life policy has a flexible policy rate, but a whole policy typically has fixed rate.
Homeowner’s insurance and renter’s insurance can be purchased to protect items within a home from a covered loss. The main distinction between the two, is that a homeowner’s policy also protects the structure of the home, while a renter’s policy is to cover your personal belongings when you are the tenant.
The Eskritt Group recommends the following Asheville Insurance Companies:
Farm Bureau Insurance