General insurance is used to protect the business from the risk of contingent and uncertain losses, it is defined as the risk management. There are different types of the general insurance policy such as:
Home insurance: Persons’ place of residence or a home which they own and lease to someone else, are covered by the home insurance. Some amount of money is paid by this policy to repair or replace the structure in the event of fires, damage, theft and other unexpected events and natural disasters. A policy holder can manage the home and property insurance with the help of this insurance policy.
Auto insurance: Auto insurance is designed to protect the vehicle, driver, passengers and other on the road. The cost of the auto insurance depends on the type of automobile, that you have. You can take this policy if you have an expensive car, and little repair.
Health insurance: Generally people may face certain health challenges which may cause lot of expenses for medicines, hospitalization bills, etc. If you take health insurance, then it will bear all above expenses. Now a days having health insurance became common in order to protect themselves from heath expenses.
Fire insurance: This insurance is designed to protect policy holder from the losses which occurred due to fire. Fire can create problem by spoiling valuables, properties and businesses as well.
These are the types of the general insurance, which are provided by most of the insurance companies.
