General insurance cover property against theft, personal insurance, travel, and legal liabilities also. In short, it covers everything except life. The term of the general policy is for the life time .The period can also last the period of the general economy activity. It can also last for a given period of the time.
Some important general insurance are
Motor insurance covers all the damage that could happen to a vehicle of the insurer. If the insurer has ordered a comprehensive policy, then the damage from manmade or natural calamities including damage from act of terrorism is also covered. The policy also pays for third party liability against the owner of the vehicle. This liability has to be determined by the court of law.
The motor insurance is compulsory as per the 1988 vehicle Act, and without motor insurance, driving motor is punishable under law.
Health insurance covers any medical expenses paid by the insurer at the hospitalization. It also covers the cost of the operation and additional expenses can also be covered by the health insurance. The health insurance also covers cashless payment at selected hospitals, ambulance charges, and daily allowance as well. The health insurance can be for individual or for family.
Travel insurance ALL TYPE OF INSURANCE ADVISOenables one to travel without worry from medical or non medical emergencies. It covers individual or family and can be for students and senior as well. Everything from passport theft, to baggage loss to flight delay is covered by the travel insurance policy.
Home insurance policy covers damage to home from natural calamity, fire, theft, earthquakes and any other damage. It also covers the valuable inside the home. Home insurance can be very beneficial to the insurers, it ensures that the saving of the insurer is used for other needs and money for repair of the home after any damage is provided by the insurance company.
Marine cargo insurance BOOK KEEPING SERVICES PROVIDER covers all the goods send for export and goods involved in import. The goods are covered from the point; they leave the gate of exporter to the point of entry into the importers gate. This insurance ensures that any damage to the goods during transition is covered to save the huge financial loss to persons and companies involved in international trade. The marine insurance can be taken by individual, banks, importers, exporters and companies. It also covers the third party interest as per the contract details or sale contract.
Source by globalwealthmanagement
