Short-term insurance covers individuals or businesses against losses that may occur to their insured property. Specifically, short-term insurance companies will insure vehicles, household contents, buildings and even business equipment. Since cover for these items tends to exist on a year-to-year or month-to-month contract, it is referred to as short-term. Life and medical insurance, on the other hand, is a long-term insurance policy as the period of cover often extends for much longer than a year and sometimes for an entire life. Comparing short-term insurance companies and their product offerings has become exceedingly easy since the Internet came along. Comparing quotes from multiple companies is often as simple as completing a single form with all your details and clicking a submit button. It is always wise to be mindful of potential insurance companies' claim paying and financial history before signing a policy as they may not have the financial standing to cover you in the event of a massive catastrophe.