Daily Archives: 12/07/2018

Frequently Asked Questions about General Insurance

 

If you are even remotely aware of the insurance sector, there are a lot of insurance types that come to the surface. Bringing them under categories is the easiest way of spotting the difference and making things a bit easier for people who are not from an insurance background. A general insurance is one such category. Thus, it is only natural for people to have some questions about them. Here are some of the frequently asked question related to general insurance.

What is a general insurance?

Apart from the most valuable asset, a person’s life, there are several other things which need protection. Any insurance that covers these other assets which do not come under the purview of life, is a general insurance. A general insurance then is a contract between a policy holder and an insurer to offer protection or compensation should there be any loss or damage …