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what is general insurance? name 5 types of general
insurance.
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Answer Posted / ghazal amer
Home Insurance
Real estate property and hard assets are subject to
accidental risks like theft, destruction due to natural
disasters or fire accidents etc. with such huge investments
gone into buying a real estate property like your home or
office, the risk involved is a loss of large amount of money.
Home and property insurance helps you in managing and
protecting against these risks. The cost of a real estate
property and its insurance is mostly based upon the worth of
the already insured hard assets and also the location in
which the assets are situated.
Travel Insurance
This is intended to cover any of the financial or any other
losses which were incurred by the insured while traveling,
be it nationally or internationally, such as mountain
trekkers, cruise travelers etc.
Auto Insurance
Any vehicle on road, no matter how safe its driver is, is
bound to meet with an accident or two, which may leave it
with just a few scratches, or crash it up totally. Most
countries today require you to have an auto insurance while
on road in your vehicles.
If you have an accidental car crash, a total repair could
cost you a fortune. On the other hand, a little scratch on
your Land Cruiser might also soar up your bills to a high.
Whether or not you need an auto insurance mostly depends on
the type of car you own.
If you have an expensive car and a little repair could wipe
you out financially, you should very well go in for a buying
an all-inclusive and crash insurance which could protect you
against any and every harm done to your vehicle.
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