The New Kind of Insurances Today
The world is changing at a very fast pace. With the world the trends change too and hence the reason of these new developments in the Insurance field. Every now and then individuals are facing unique kind of challenges, this is one reason why carriers or insurance companies are wanting to adapt and meet the needs of the individuals living in this fast moving modern world.
Now we are listing down a few new types of insurances that you might not be aware of but these might prove to be beneficial for you. Let us take a look.
Ridesharing Insurance Scheme
There was a time when we had just a few kinds of insurances like the car insurance or say personal insurance but now many insurance agencies have come up with an idea of offering Ridesharing Insurance.
What’s new about this insurance?
The need for extra cash has suddenly got many to lend their cars to companies like Uber for ridesharing. There are many who work with Uber as the main source of their income. Sadly, when it comes to insurance, ridesharing falls into a gray area. No personal auto insurance would cover for an accident that happens while driving for a ridesharing service and also the commercial auto insurance is not workable as there are many who work for the ridesharing companies only on a part time basis or in their spare time.
So now many of the insurance companies have agreed to offer coverage that is specifically for the ridesharing drivers of companies like Uber. If you plan to become a driver with such companies or are a car owner who wants to use their vehicle to make extra money, then you can definitely do some more research about this ridesharing insurance in your state.
Tiny Home Insurance
Nowadays we hear so much about these tiny homes. The tiny home owners are people who appreciate and embrace simple living that focuses only on conservation of resources and space. The tiny homes are approximately 400 square feet or even smaller. Often these homes are legally classified as RVs because they can be moved from one place to another. Most of the insurance companies are not comfortable in covering such dwellings because these homes do not really have a permanent address. Now, as times are changing, tiny home insurance are being introduced by many companies. Home owners of such houses can now live and sleep peacefully knowing that their home sweet home is completely protected.
Reputation Insurance
Reputation for a company or for an individual is of great importance today. With the increased exposure to the social media world, the threat of being defamed is very high. This is exactly where the Reputation Insurance comes in. Some of the insurance companies are offering coverage that will help businesses to protect themselves from being defamed. These policies come in different varieties, for example, coverage from information breaches or even public attack against the company. Such a policy has the power to cover almost everything, from lost revenue to the cost of hiring the crisis management experts. In a world full of risks, this policy can give all individuals and company an assurance that their reputation will not be damaged at any cost.
