General Insurance refers to other forms of coverage other than life insurance. Examples include the insurance of property against fire, burglary etc, personal insurance such as accident and health insurance and liability insurance, the legal obligations. It also includes professional liability insurance for professionals. By paying the premium under this policy, the insured for losses incurred to recover.
Not all general insurance is required by law. The following are the most common types:
1. Home insurance offers protection for home and property against damage caused by theft, fire, earthquakes, floods or other disasters caused.
3. Renters insurance provides protection for tenants for damage to property by tenants in the rented and owned.
» Read more: General Insurance Explained