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What is General Insurance?
General insurance is a type of insurance coverage that protects individuals and businesses from financial losses associated with various non-life-related events. Unlike life insurance, which covers the risk of loss of life, general insurance covers other aspects of life, including property, health, vehicles, travel, and liability. By providing a safety net for unexpected events like accidents, theft, natural disasters, medical emergencies, and legal liabilities, general insurance helps individuals and businesses recover financially and maintain stability.
Why do we need general insurance?
General insurance is vital for protecting both individuals and businesses from the financial impact of various unexpected events, ranging from property damage to medical emergencies and travel disruptions. Unlike life insurance, which focuses on life-related risks, general insurance provides coverage for almost everything else that could financially impact us. For instance, general insurance encompasses health insurance, motor insurance, home insurance, travel insurance, and liability coverage, all of which serve as essential safety nets. In the event of a car accident, property damage from a natural disaster, or even a medical emergency.
GENERAL INSURANCE POLICY PROVIDED BY COMPANIES
