Defining General Insurance

General insurance aids us to safeguard ourselves and the things we value, such as our vehicles, homes and other valuables from the financial impact of risks – both major and minor.

It protects us from risks like earthquake, fire, flood, storm, theft, travel mishaps, car accidents and even the costs of legal action against us. It comes under the ambit of non-life insurance.

While buying the policy, we can choose the types of risks we want to cover by picking the right kind of policy and features matching to our requirements.

Classification

Commercial lines

Products are usually designed for relatively small legal entities. These would include workers’ comp (employers liability), public liability, product liability, commercial fleet and other general insurance products sold in a relatively standard fashion to many organizations. There are many companies that supply comprehensive commercial insurance packages for a wide range of different industries, including shops, restaurants and hotels.

Personal lines

Products are designed to be sold in large quantities. This would include autos (private car), homeowners (household), pet insurance, creditor insurance and others.

Types of General Insurance

Fire

Fire insurance is a form of property insurance which protects people from the costs incurred by fires…

Health

Health insurance, like other forms of insurance, is a form of collectivism by means of which people…

Marine

Marine Insurance covers the loss or damage of ships, cargo, terminals, and any transport or cargo by…

Motor Vehicle

Auto insurance (also known as vehicle insurance, car insurance, or motor insurance) is insurance…

TRAVEL

Travel insurance is insurance that is intended to cover medical expenses, trip cancellation, lost luggage…

MISCLANEOUS

The revolution of mobile phones took place in just a few years. Smartphones have become an expensive…

Home Insurance

Having Home Owners insurance is very important as it not only offers protection to your house but also to the…

Professional Liability Insurance

Professional Liability Insurance (PLI), is also known as Professional Indemnity Insurance (PII) or as Errors…