INSURANCE / EXAMPLE OF INSURANCE
Simply simply, general insurance products are all insurance products that are not categorised as life insurance products. General insurance products come in a wide range, covering anything from health to property. These insurance divisions are categorised as “general insurance.”
Are you still unclear what general insurance is? Not to worry. This article will address the following general insurance topics and dispel any confusion you may have:
forms of general insurance
Features of general insurance
Example of general insurance
Life insurance vs. general insurance
forms of general insurance
general types of insurance
Today’s market offers a wide range of general insurance products. Let’s go over a few of the most crucial ones:
Health insurance: A health insurance policy shields the policyholder from any unanticipated health issues. The insurance provider is responsible for paying hospital bills.
Auto insurance: An auto insurance policy safeguards the policyholder from vehicular mishaps. There are both third-party and full-coverage auto insurance products on the market.
Property insurance: A property insurance coverage guards your house or other building against acts of terrorism, theft, the elements, etc.
Marine insurance guards against dangers associated with the sea for a trader’s cargo or vessel.
Insurance for travel: Insurance for travel guards the insured against the price of hospital stays abroad.
Insurance against accidents: An accident insurance coverage protects the
holder against losses brought on by an accident.
Aviation insurance: Aviation insurance guards an aircraft against airborne threats.
Crop insurance: Crop insurance guards a farmer’s crops against natural calamities such as drought, floods, and other calamities.
Tags: How Insurance Works, What Is Insurance?