What financial insurance exist? Did you know them
Have you heard of financial insurance? Well, these insurances are usually charged on different loans or credits. There are different types of insurance, here I tell you a little more about them.
Why are financial insurances important?
Like all insurance, financial insurance reduces the risks of unexpected events. As the bank’s risks are reduced by lending you money or giving you credit, the possibility of accessing these banking services is greater. In other words, it makes bank services affordable.
Relief insurance, the most common financial insurance
The one that you know more about these insurances is that of relief that allows the payment of your debt to be insured in case you die.
If you want to know more about it, remember that you can read the note that we published in December: What is rebate insurance?
Insurance that protects your assets
These insurances are more expensive than a lien insurance, but they are worth buying. They especially suit you if you have taken out a vehicle credit or a mortgage loan. This is because if something happens to the acquired good, the insurance will prevent you from paying for something you no longer have.
And if you are looking for the best vehicle credit, read also: What is the best vehicle credit for you.
Insurance that prevents scams
I recommend it 100%, especially if you have too many credit cards or if you make many transactions online. Insurance that prevents scams is known as “dishonesty insurance.”
Financial insurance will help you so that your family, you and your assets are safe. Remember, the insurance premium varies according to the insured good. Compare insurance company offers well before deciding on one.