General Insurance

General insurance refers to a type of insurance that protects individuals and businesses from unexpected financial losses due to events such as accidents, theft, or natural disasters. Unlike life insurance, which covers risks related to life and death, general insurance includes policies like home, auto, health, and travel insurance. It provides compensation for damages or losses, helping to mitigate financial impacts. Customers pay premiums to the insurance company, which, in return, agrees to cover specified risks as outlined in the policy terms. This ensures that policyholders can manage risks and recover from unanticipated events.