There are many types of general insurances they gives many benefits to the individuals to protect their assets , home , cars , vehicles, holiday journey from uncertain future losses. General insurance helps individual in these ways,
To protect home or building from earthquake
You cannot predict an earthquake. If it occurs you may incur huge losses for your home or building. General insurance provides insurance to cover the risk from earthquakes for home or building. By this type of insurance you will receive benefits for your loss.
For example a person has a big building worth of $5 00000, the person does not have insurance for his building. An earthquake incurred him a loss of $ 150000 for his building, then the person face heavy risk. If the person has insurance for his building, the insurance firm pays total cover of loss $ 150000.
To protect car against accident losses
Car insurance provides insurance for your car, in case of any accident occurs. The damage to the vehicle and medical expenses of the injured person are paid by the insurance company. Car insurance gives some type of safety against accident claims for the car owner.
Individuals can protect their traveling by using travel insurance
In travel insurance one can protect his traveling plans against unexpected future events like last minute cancellation, medical emergency, delay or loss of baggage, loss of cash while traveling.
For example: you plan a holiday trip abroad the cost of the air ticket is $ 2500. Suddenly one of your family members falls sick and you decide to cancel the trip at the lasthttp://www.blogger.com/img/blank.gif minute. Normally air ticket cancellation requires high amount. If you have already taken travel insurance for that trip, the insurance firm pays the cancellation fee. In case you need medical emergency in traveling, the travel insurance firm will pay the medical emergency bill.
The above are the various usages of general insurance.
You cannot predict an earthquake. If it occurs you may incur huge losses for your home or building. General insurance provides insurance to cover the risk from earthquakes for home or building. By this type of insurance you will receive benefits for your loss.
For example a person has a big building worth of $5 00000, the person does not have insurance for his building. An earthquake incurred him a loss of $ 150000 for his building, then the person face heavy risk. If the person has insurance for his building, the insurance firm pays total cover of loss $ 150000.
To protect car against accident losses
Car insurance provides insurance for your car, in case of any accident occurs. The damage to the vehicle and medical expenses of the injured person are paid by the insurance company. Car insurance gives some type of safety against accident claims for the car owner.
Individuals can protect their traveling by using travel insurance
In travel insurance one can protect his traveling plans against unexpected future events like last minute cancellation, medical emergency, delay or loss of baggage, loss of cash while traveling.
For example: you plan a holiday trip abroad the cost of the air ticket is $ 2500. Suddenly one of your family members falls sick and you decide to cancel the trip at the lasthttp://www.blogger.com/img/blank.gif minute. Normally air ticket cancellation requires high amount. If you have already taken travel insurance for that trip, the insurance firm pays the cancellation fee. In case you need medical emergency in traveling, the travel insurance firm will pay the medical emergency bill.
The above are the various usages of general insurance.
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