General insurance cover all types of insurance except life insurance. Whether it is the property against fire insurance, any of the personal insurance or burglary insurance, general insurance covers it all. It further includes the professional indemnity insurance for the professional people. All one needs to do is to pay the premium amount at regular intervals and by doing so, they are insured of any type of loss that may take place from there on.
It is important to note that not all types of general insurance are necessary under law. Some of these are as follows:
1. Home insurance insures the concerned person from any damage to home and property caused due to theft, fire, earthquake, flood, or other disaster.
2. Renter insurance insures the tenants from any kind of loss against property owned by the tenants.
3. Medical insurance covers all the medical expenses after all the premiums are paid.
4. Auto insurance covers any kind of damage caused to the insured vehicle. Operating an auto vehicle without having the auto insurance is not permitted by law.
5. Travel insurance insures you for any mishap taking place during traveling.
6. Professional indemnity insurance insures a professional for any contingency taking place due to professional negligence.
Many of these insurances are quite important for every family and are a must to have it in today’s time.