Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured individual. It provides financial protection against the high costs of healthcare, covering expenses such as hospitalization, doctor's visits, prescription medications, and surgeries. Health insurance policies can vary in coverage and may include additional benefits like preventive care, maternity coverage, and wellness programs.
Motor insurance, also known as auto or car insurance, provides coverage for vehicles against financial losses resulting from accidents, theft, or damage. It typically includes two main components: third-party liability coverage (for injuries or damages to others) and own damage coverage (for the insured vehicle). Motor insurance is mandatory in many countries to ensure that individuals take financial responsibility for potential accidents.
Shop insurance, also referred to as commercial property insurance, is designed to protect businesses that operate physical retail spaces, such as shops or stores. This type of insurance covers the physical structure of the shop, including the building and its contents, against risks like fire, theft, vandalism, and natural disasters.