What is General Insurance?
Tangible assets carry the risk of damages. Therefore, there is a need to protect the economic value of the assets against unforeseeable contingencies like damage and loss of the asset. Insurance contracts that do not come under Life Insurance are called General Insurance. The different forms of general insurance are fire, marine, motor, accident and other miscellaneous non-life insurance.
![general-insurance](https://www.xascom.in/xascom-content/uploads/2022/04/general-insurance.jpg)
Types of General Insurance Policies
- Home Insurance
- Property Insurance
- Business Insurance
- Vehicle Insurance
- Travel Insurance
- Fire Insurance
- Accident Insurance
- Marine Insurance
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