What is general insurance?
General insurance usually concerns any non -life insurance premium. This includes both personal lines insurance and commercial insurance. Personal lines insurance includes coverage used to protect the policyholder from loss or damage to personal assets or from a replacement for which the policyholder may be personally responsible. Commercial lines insurance protects the company from losing its business assets or damage for which the Company can be responsible. The principles of cars and homeowners may include coverage of real estate and victims. The coverage of the property pays for the loss of the policyholder's assets, while the victims are covered for the damage for which the policyholder is responsible. For example, if the insured person accidentally leads his passenger car to the side of the building, which is owned by someone else, his insurance would pay for his damage through his property coverage and damage to the building through his unwillingness. If the vehicle is used by the company, the driver is usually included withinCommercial automatic policy of society. If the vehicle is personally owned, the driver would be covered with the owner of the owner.
Home owners' insurance is another type of general insurance. Home owners' insurance pays for damage to domestic and personal assets owned by the insured person through the cover of the property. It also offers through its coverage of victims protection against court buckles, which may occur as a result of damage unintentionally caused by the policyholder or other members of its household. If the home is damaged by a covered danger, such as a cracked pipe, the coverage of policy assets would pay for repairs. If the insured persons are accidentally threatened the ball through the neighbor's window, coverage of the victim of politics would pay for replacing the neighbor's window.
The tenant's insurance is another type of general insurance. It is similar to homeowners' insurance in that it covers personal property afterBasin and at the same time offer the coverage of liability for damage for which the policyholder can be responsible, including the damage caused by the rental of the house. If the lessee leaves the oven and causes a fire that damages the lease property, the tenant's policy would pay for the damage to the home caused by the insured person. It would also pay for the damage to the tenant who occurred in the fire.
Commercial lines insurance is a general insurance that is similar to personal lines insurance in that it can include both property and victims. The difference between personal lines and commercial lines insurance is that personal lines protect people involved in their obusiness and the property they own, and commercial lines, protect the company from its employees and assets. The most common types of commercial general insurance are commercial automatic liability and general liability.
In addition, there are several other categories of general commercial insurance. There are victims coverage including responsibilityThose for premises, professional responsibilities and products and complete operational responsibilities. Responsibility for premises includes visitors who may be injured on the insured's property. Professional liability is valid for damage caused by a specially trained expert in the field, whose services were somehow insufficient or inaccurate. Products and completed operating liability pay for damage caused by a product or service that was completed and gave up the insured, but later caused damage to the client.