The Top 5 Strangest Insurance Policies You won't believe it exitsInsurance policies cover a big range of products so that our valuables are protected 

The Top 5 Strangest Insurance Policies Worldwide!! | Faydety

<p>Insurance policies cover a big range of products so that our valuables are protected from accidents or danger, and while when most of us think of insurance policies we wish to insure our most precious items such as our lives, homes, or cars there are companies around the world that have thought up weird new areas to offer insurance policies in.</p><p>&nbsp;</p><h3>Here are the top 5 unusual insurance policies around the world:</h3><p>&nbsp;</p><h4>1-Pet Insurance Policy</h4><p>&nbsp;</p><p>A lot of people love their pets like family and are always worried about their health and wellbeing, as such many insurance companies started offering pet insurance policies against accidents.</p><p>&nbsp;</p><h4>2-Best Employee Insurance Policy</h4><p>&nbsp;</p><p>Some big corporations want to safeguard their top and best employees especially the ones that affect the general performance of the company and contribute greatly to its success. The Best Employee Insurance Policy “insures” the company’s success.</p><p>&nbsp;</p><blockquote><p>Insurance companies created policies through which you can insure your home and property against natural disasters</p></blockquote><p>&nbsp;</p><h4>3-Asteroid and Meteorites Insurance Policy</h4><p>&nbsp;</p><p>Most cosmic events are unpredictable, and their devastation can be unmeasurable. You never know if or when an asteroid or meteorite from outer space may change your life suddenly. Which is why some insurance companies created policies through which you can insure your home and property against natural disasters including asteroids.</p><p>&nbsp;</p><h4>4-Wedding Insurance</h4><p>&nbsp;</p><p>Wedding days can be accident prone, but while we tend to forget all the small disasters due to the joy we feel some people are just unable to fully enjoy the day unless it is absolutely perfect. As a result, several insurance companies offer a Wedding Insurance Policy to safeguard against accidents or mishaps (even if the mishap is the bride running away à la Julia Roberts in Runaway Bride) and help recuperate the wedding expenses.</p><p>&nbsp;</p><h4>5-Airplane Travel Insurance</h4><p>&nbsp;</p><p>Even though flying is one of the safest methods of transportation in the world some people avoid travelling by planes because they fear there might be an accident enroute. As such passengers can insure themselves against any accident that may occur while airborne or even against plane crashes.&nbsp;</p>

What's the Weirdest Insurance Policy had you know?

The Top 5 Strangest Insurance Policies Worldwide!!

<p>Insurance is a contract, in the form of a policy, in which an individual or entity receives financial protection and/or compensation against losses from an insurance company. Insuring something means diverting the burden of payment for its loss from a personal responsibility to one that the insurance company bears on your behalf, in a certain percentage, depending on the type of insurance you have.&nbsp;</p><p>&nbsp;</p><p>The insurance company relies on calculating the probability of a loss or damage to an insured asset. If there is a high probability, then the insurance cost tends to be expensive; on the other hand, if the probability is low, the insurance cost tends to be relatively cheaper.</p><p>&nbsp;</p><p>Let's start with the basics.</p><p>&nbsp;</p><h2>Insurance Policy:</h2><p>&nbsp;</p><p>As stated briefly above, an insurance policy is a contract between you and an insurance company. This policy outlines your agreement's details and determines the claims that the insurer is legally required to pay in exchange for a premium. It essentially states that the insurer must pay for any loss or damage caused by risks covered under the policy.</p><p>&nbsp;</p><h2>Insurance Premium:</h2><p>&nbsp;</p><p>An insurance premium is a certain amount of money that you need to pay periodically in exchange for the maintenance of your chosen insurance policy. If you are unable to pay the premium, the insurance policy will be forfeited. If this happens and you decide you would like to keep your coverage, you may be required to pay a fine or charge a higher premium accordingly.</p><p>&nbsp;</p><blockquote><p>The insurance company relies on calculating the probability of a loss or damage to an insured asset</p></blockquote><p>&nbsp;</p><h2>Types of Insurance:</h2><p>&nbsp;</p><p>There are many different types of insurance. Though it is possible to divide them into two basic categories, under which the other types of insurance fall, the two categories are:</p><p>&nbsp;</p><h2>Life Insurance / Health Insurance</h2><p>&nbsp;</p><p>Life insurance is a contract between you and an insurance company where, in exchange for premium payments paid by you during your lifetime, the company will pay a sum of money to your beneficiaries after your death.&nbsp;</p><p>&nbsp;</p><p>Health insurance covers medical expenses that may arise due to illness. These expenses could entail costs of hospitalization, cost of medicines, or medical consultation fees.</p><p>&nbsp;</p><p>These insurance types are primarily based on individuals, although some countries go one step further and provide pet insurance. This is because, at times, the cost of medicines and veterinarian visits are higher than the costs of individuals.</p><p>&nbsp;</p><h2>Property Insurance / Disaster Insurance</h2><p>&nbsp;</p><p>This type of insurance reimburses an individual or business and protects a physical property against loss from theft, fire, natural disasters, etc. Property insurance covers the building or structure itself as well as its contents, whether personal or corporate, including furnishings, inventory, and other items.</p><p>&nbsp;</p><p>Get your <a href="https://www.faydetyinsurance.com/en">Insurance Policy</a> Now through Faydety!</p>

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The Top 5 Strangest Insurance Policies Worldwide!!

What's the Weirdest Insurance Policy had you know?

Here are the top 5 unusual insurance policies around the world:

1-Pet Insurance Policy

2-Best Employee Insurance Policy

3-Asteroid and Meteorites Insurance Policy

4-Wedding Insurance

5-Airplane Travel Insurance

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