General insurance covers financial risks related to property, vehicles, liability, and assets. Unlike life insurance, which provides coverage based on life events, general insurance protects against losses caused by accidents, theft, natural disasters, or other unexpected situations.
Policies help cover repair costs, replacement expenses, and legal liabilities, depending on the type of insurance selected.
The policyholder selects an insurance type based on the asset or risk that needs coverage.
Premiums are paid regularly to keep the policy active.
The insurer assesses the claim and provides compensation according to policy terms.
General insurance policies provide coverage for:
Identify risks and determine required coverage.
Review different insurers, coverage limits, and premium costs.
Provide asset details and complete the insurance form.
The insurer reviews the application and issues the policy.
If an event occurs, submit a claim and follow insurer requirements for assessment and payout.
General insurance policies provide coverage for:
