---
title: "Do you know what insurance really is?"
description: "The insurance exist, as its name indicates, to protect ourselves against practically any kind of unforeseen. But do you know what insurance really is?"
url: https://www.boracaybrokers.com/en/do-you-know-what-insurance-really-is/
date: 2020-04-15
modified: 2020-05-05
author: "Boracay Brokers"
image: https://www.boracaybrokers.com/wp-content/uploads/2020/04/12.png
categories: ["Insurance news Boracay Brokers"]
type: post
lang: en
---

# Do you know what insurance really is?

The insurance exist, as its name indicates,
to protect ourselves against practically any kind of unforeseen. For this we
must prevent and contract an insurance that suits our needs and circumstances.
But do you know what insurance really is?

Insurances are an agreement between one
person (physical or legal) and a certain company where coverage is established
in case of any damage or accident. In exchange for this indemnification, the
insured must pay a periodic premium according to the type of insurance
contracted.

There are insurances which are compulsory
by law and others are optional. For example, the car insurance, liability
insurance, dangerous dog insurance, and 
home insurance in case of a mortgaged home, are compulsory.

In (https://www.facebook.com/boracaybrokers/), we know everything about insurance policies, we adapt to
what the client needs and we adjust to the coverage they need. We work as
mediators between the insurance company and others clients, to make sure not
only that the clauses are the fairest, but the entire procedure is processed in
accordance with law.

**How many types of insurance exist?**

We must keep in mind that nowadays we can
create practically any insurance, because we based on personalization to cover
better the needs of each client.

Broadly we can differentiate the following
insurance categories:

**Personal
insurance: **life, personal accidents, health or dependency

**Property
insurance: **car, engineering, multi-risk, theft, transports, fires or
liability

**Service
provision insurance: **assistance in travel, death or legal defense

If you have any doubt or you need an
special insurance for you, in (https://www.boracaybrokers.com/) we wait for you with a wide
range of offer. We search the best solutions for each of our clients.