General Insurance – A Wide Range of Protection

2007-03-08 10:33:40

( Insurance )



General insurance is one of the two basic types of insurance available. The other is life insurance, which offers protection to your family and dependents in the event of your death. On the other hand, general insurance is intended to protect you in case of accidents or illness and covers your assets and possessions against loss or damage. It is also known as non-life insurance or property and casualty insurance.

There are various products under the general insurance category including health insurance, accident insurance, general car insurance, home insurance and many more. Each of these insurance products would have its own terms and conditions. Usually, general insurance has an annual contract but others have longer term.

What kind of general insurance you need depends on your personal circumstances. For example, if the area where you reside is prone to earthquakes or hurricanes then it would be wise to insure your property against these calamities. If you are a frequent traveler, you should have travel insurance in place.

Ask yourself what are the things important to you that would cause a huge financial loss in case of any damage, accident or calamities. Then, find out what type of general insurance will give you the protection you need. For any type of general insurance, different insurance companies would have different features on their policies. It is important to study each insurance policy available and understand what each offers.

Make sure you work with a reputable insurance company. You can check if a company has a good standing with the Better Business Bureau. Always read the details or the fine print of your policy and ask your insurance agent if there is any thing you do not understand. This way you can be sure that you are choosing the policy that is right for your personal needs.


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