General insurance is a broad category of insurance that provides financial protection to individuals and businesses against a wide range of risks and uncertainties other than those covered by life insurance. Unlike life insurance, which primarily covers risks related to life, general insurance covers assets, properties, liabilities, and risks associated with events or accidents.
General insurance covers a diverse range of assets and liabilities such as homes, vehicles, health, travel, business assets, and liabilities arising from legal claims.
Policies are typically short-term, ranging from one year to a few years, after which they need to be renewed.
General insurance provides financial compensation to the insured for losses arising from covered events or damages, up to the policy's limits.
By purchasing insurance, individuals and businesses transfer the financial risk of uncertain events to the insurance company in exchange for premiums.
General insurance covers a diverse range of assets and liabilities such as homes, vehicles, health, travel, business assets, and liabilities arising from legal claims.
Policies are typically short-term, ranging from one year to a few years, after which they need to be renewed.
General insurance provides financial compensation to the insured for losses arising from covered events or damages, up to the policy's limits.
By purchasing insurance, individuals and businesses transfer the financial risk of uncertain events to the insurance company in exchange for premiums.
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