General Insurance
General Insurance is a type of insurance that provides financial protection against various risks, excluding life insurance. It covers a wide range of policies, including auto insurance, homeowners insurance, and travel insurance. These policies help individuals and businesses manage potential losses from events like accidents, theft, or natural disasters.
The primary purpose of general insurance is to safeguard assets and provide peace of mind. When a covered event occurs, the policyholder can file a claim to receive compensation for their losses. This helps mitigate the financial impact of unexpected incidents, allowing individuals and businesses to recover more easily.