What is General Insurance

General Insurance

What is General Insurance?

O General insurance is typically defined as any insurance that is not determined to be life insurance

O It is called property and causality insurance in U.S. and Canada and Non- Life Insurance in Continental Europe

Types of General Insurance

OMotor Insurance

OHealth Insurance

OHome Insurance

OTravel Insurance

Motor InsuranceO Insurance purchased

for cars, trucks, motorcycles and other road vehicle

O Covers for the loss or damage caused to the automobile or its parts due to natural and man-made calamities

Health InsuranceO Health insurance policy

provides benefits as a result of sickness or injury

O Includes insurance for losses from accident, medical expense, disability, or accidental death and dismemberment

Home Insurance O It is

an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of use or loss of other personal possessions of the homeowner

Travel Insurance O It is insurance that is

intended to cover medical expenses, trip cancellation, lost luggage, flight accident, & other losses incurred while traveling, either internationally or within one’s own country.