Insurance is a guaranteed amount of financial coverage paid to a policy holder. Insurance policy is a document stating sufficient acknowledgment of regular insurance premium payments thus certifying the legal right to obtain the whole payout in case of contingency. There major types of insurance are medical, business and property insurance. Medical insurance includes health insurance that provides financial support in case of health deterioration due to natural (acute or chronic diseases, inflammations etc.) or external reasons (mechanic injuries or traumas at work, transport accident injuries of different degree of severity, assault or other violent actions of criminal origin). All risks health insurance covers the whole package of medical service, such as transportation to medical establishment (in case of emergency), staying in hospital (if necessary), carrying out medical analyses etc.

As a rule, insurance companies work in close relation with real estate agencies. Prospective property owners are usually willing to receive a health certificate as an addition to property insurance one to be covered against possible consequences caused by property damage or ruination due to climatic reasons (floods, fires, hurricanes or other cataclysms) or illegal actions (arson, intended damage or other criminal offenses). Insurance is an integral part of an efficient property management. A number of clients are reluctant to lease/rent property without satisfactory insurance coverage.

Banks or other financial institutions legally bound to grant loans demand either potential borrowers or mortgaged property object to be covered by correspondent insurance program. It is connected with estimated moneyback guarantee in case of any emergency or unwanted consequences.