Burial insurance is a very old type of life insurance which is paid out upon death to cover final expenses, such as the cost of a funeral. In the United States, the tax on interest income on life insurance policies and annuities is generally deferred. However, in some cases the benefit derived from tax deferral may be offset by a low return. Guilds in the Middle Ages served a similar purpose, as did friendly societies during Victorian times.
This depends upon the insuring company, the type of policy and other variables Moreover, other income tax saving vehicles may be better alternatives for value accumulation. Marine insurance and marine cargo insurance cover the loss or damage of vessels at sea or on inland waterways, and of cargo in transit, regardless of the method of transit. When the owner of the cargo and the carrier are separate corporations, marine cargo insurance typically compensates the owner of cargo for losses sustained from fire, shipwreck, etc., but excludes losses that can be recovered from the carrier or the carrier's insurance. Renters' insurance, often called tenants' insurance, is an insurance policy that provides some of the benefits of homeowners' insurance, but does not include coverage for the dwelling, or structure.
Many marine insurance underwriters will include "time element" coverage in such policies, which extends the indemnity to cover loss of profit and other business expenses attributable to the delay caused by a covered loss.Landlord insurance covers residential and commercial properties which are rented to others. Most homeowners' insurance covers only owner-occupied homes. Home insurance, also commonly called hazard insurance or homeowners insurance, provides coverage for damage or destruction of the policyholder's home. Supplemental natural disaster insurance covers specified expenses after a natural disaster renders the policyholder's home uninhabitable. In some geographical areas, the policy may exclude certain types of risks, such as flood or earthquake, that require additional coverage. Surety bond insurance is a three-party insurance guaranteeing the performance of the principal.
Maintenance-related issues are typically the homeowner's responsibility. with the exception of small alterations that a tenant makes to the structure. Liability insurance is a very broad superset that covers legal claims against the insured. Many types of insurance include an aspect of liability coverage. Periodic payments are made directly to the insured until the home is rebuilt or a specified time period has elapsed. Volcano insurance is a specialized insurance protecting against damage arising specifically from volcanic eruptions. Windstorm insurance is an insurance covering the damage that can be caused by wind events such as hurricanes. The subprime mortgage crisis was the source of many liability insurance losses. Public liability insurance or general liability insurance covers a business or organization against claims should its operations injure a member of the public or damage their property in some way.