Online insurance refers to provision of buying and selling insurance online. Insurance is subject to Utmost Good Faith, which makes it very convenient for people to conduct the business online, as both the parties have absolute duties to tell all the facts which are material, else the contract are void.
Conducting a full transaction of insurance is tough for most of the commercial businesses, but many types of personal insurances are conducted online including but not limited to Motor insurance, travel insurance and medical insurance.
Many of the online insurance providers, just provide the insurance quote online and the rest of the process is done manually, this is very convenient for cases where the physical paper is important to complete a process. Hence websites provides you online insurance quotes and complete the rest of the procedure offline.
Types of insurance
Health:-Accidental death and dismemberment insurance · Dental insurance · Disability insurance · Total permanent disability insurance · Income protection insurance · Long term care insurance · Vision insurance
Life:-Permanent life insurance · Term life insurance · Universal life insurance · Variable universal life insurance · Whole life insurance
Business:-Bond insurance · Directors and officers liability insurance · Errors and omissions insurance · Fidelity bond · Professional indemnity insurance · Professional liability insurance · Protection and indemnity insurance · Trade credit insurance
Residential:-Contents insurance · Earthquake insurance · Flood insurance · Home insurance · Landlords insurance · Mortgage insurance · Property insurance
Other:-asualty insurance · Crime insurance · Crop insurance · Group insurance · Liability insurance · Marine insurance · No-fault insurance · Pet insurance · Phone insurance · Reinsurance · Terrorism insurance · Travel insurance · Vehicle insurance · Wage insurance · Weather insurance · Workers' compensation
If you have further questions feel free to contact Canada Insurance Plan.
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