Coverage concepts

Subrogation

Entitles one who has paid for another's loss to take over the other's rifht to recourse from the party respinsible for the loss.

Limit of liability

Face amount

Property casualty life health and annuities

6 types of insurance

Property Insurance

A type of insurance that covers damage to property, such as a home. Building equipment stocks ocontents

casualty insurance

insures against the loss and/or damage of property and resulting liabilities

life insurance

Insurance on Humana lives including endowments and annuities and may include benefits

Annuity

Guaranteed income for the life of an annuitant. Living too long

Accident and health or sickness

Protects against financial loss from sickness, bodily injury or accidental death and may include disability income

Subrogation

Entitles one who has paid for another's loss to take over the other's rifht to recourse from the party respinsible for the loss.

Limit of liability

Face amount

Property casualty life health and annuities

6 types of insurance

Property Insurance

A type of insurance that covers damage to property, such as a home. Building equipment stocks ocontents

casualty insurance

insures against the loss and/or damage of property and resulting liabilities

life insurance

Insurance on Humana lives including endowments and annuities and may include benefits

Annuity

Guaranteed income for the life of an annuitant. Living too long

Accident and health or sickness

Protects against financial loss from sickness, bodily injury or accidental death and may include disability income