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Nicaragua insurance sector, like any other sector in the world is a flourishing one. With the liberalization in market economy many more private insurance companies are gaining foothold in this country. These companies are coming up with variety of schemes which are transparent and suit both personal and business needs.
Business Insurances in Nicaragua Insurance
Since most of the trading is done by ship, the most common is the Nicaraguan Shipping and Transportation insurance. This insures imported or exported products and merchandise. Fire insurance in Nicaragua is one of the most common types of commercial insurance cover. It protects merchandise within a building or rented premises from natural calamities like the fires, lightning, floods, earthquakes and also demonstrations and protests.
Life Insurance in Nicaragua Insurance
There are two varieties of life insurance. The individual life insurance and the group life insurance. The individual life insurance is comparatively more expensive and is not a good buy, whereas, the group life insurance is cost effective and more easy. Rates in these insurances vary drastically from one company to the other.
Health Insurance in Nicaragua Insurance
Medical care in Nicaragua is reasonably good in state, private of military hospitals. Health insurance in Nicaragua is available from a few of the local insurance companies. These policies are either dollar or Cordoba based. Prices are lower and not as encompassing as to match international standards. An individual availing this policy has to undergo a series of medical exams.
Construction Insurances in Nicaragua Insurance
Contractors All Risk (CAR) insures new construction projects against any risks. Contractors equipment insurance covers all types of leased or owned equipments by the contractor to build, excavate or erect or lift. Other insurances in this category are the liability insurance and different types of bonds like employee fidelity bond, hidden defects bond etc.
Auto Insurances in Nicaragua Insurance
It includes fleet discount, liability coverage, collision, rental coverage, extraterritorial coverage, robbery etc.
Home Insurance in Nicaragua Insurance
In Nicaragua home insurance policies cover claims from events which are listed in the policy only. Individual homes and condominiums are insured with one of the local insurance companies.
CSISA Insurance is a well known company in Nicaragua.
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