Welcome to Insurancebible.org – your cyber encyclopedia about insurance.

With so many insurance companies, policies (with options and sub-options), the task of selecting the right type and size of insurance policy is getting more complicated and confusing instead of easy.

Our Information oriented, http://www.insurancebible.org/ is a humble attempt on our side to provide you detailed yet organized information on different aspects of insurance and its related products. The site is developed and designed for general people and provides crucial and important information for purchasing, managing and/or maintaining insurance policies.

Insurnacebible.com is an individual entity and is not associated in any way with any insurance company, which is why information on our site is unbiased and neutral and serves the interests of general public rather then insurance companies.

The information on the site is a result of through research and hard work of our team. The compile material on insurancebible.com is presented in an organized and structured pattern, which makes searching of relevant information on the site fast and easy.

Insurancebible.com discussed all the major categories and types of insurance. Our site contain information on Car Insurance , Life Insurance , Health Insurance , Long Term Care, Insurance , Disability Insurance , Dental Insurance , Home Insurance , Condo Insurance , Renters Insurance , Flood Insurance , Title Insurance , Boat Insurance , Travel Insurance , Business Insurance , Pet Insurance , Credit Card Insurance , Farm Insurance .

Today there is insurance policy for almost everything - from health and life to pet and from highly valued work of art to clothing, everything can be insured. But you have to be careful in choosing the right type of policy for your particular requirement so as to get proper coverage. Insurancebible.com will help you in understanding the things that are critical for insurance shopping.

What is insurance?

Insurance policy is a financial agreement between the insurer and the insured, in which insurer ( insurance company) promises to pay an agreed sum of money as compensation to the insured (policyholder and/or beneficiaries) if a particular event occurs.

Remember, that insurance industry is based on the concept of probability. In insurance business, Policy costs and/or premium rates are directly proportional with the risks involved in a particular situation.

• High risk = High premium,
• Low risks = Low premium, and
• No risk = No premium = NO Insurance.

The most fundamental point regarding insurance is that needs differ from person to person. You have to evaluate your particular needs to decide about the type and size of the insurance you require.

So do not let an ambitious insurance agent makes you believe that you need, for example flood or any other disaster insurance when, in reality you don’t. Because if your property is not located in flood danger area than even a very low premium for flood insurance would be illogical - although insurance sales agent would try to make you think otherwise. Do your homework before venturing out to purchase insurance.

Insurance companies work on the principle of probability or chances. They develop and design their policies in a way where there is a very little chance for them to loss money. But of course sometime their calculation can be wrong and if they are… you, as policyholder may face serious problems - its simple, your insurance company will be able to provide you good service and prompt payments if they are making enough money themselves i.e. your insurer’s financial stability is of vital importance in insurance life cycle process.

Imagine what happened after the tragic incidents of 9/11 – claims were so huge in amounts that it become hard for many insurance companies to survive, they close down and as a result their clients suffered losses of different magnitude. The point is that when you choose an insurance company do not only think about the policies that they are offering but also check their financial standings in the market, their previous record of payments, their overall commitment to insurance and their ability to sustain and survive unpredictable circumstances. It is also beneficial to check the cliental of you the insurer.

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