Why do people buy general insurance? The answer is simple – getting financial protection for unwanted emergency expenses. And emergencies may be related to health, travel, accident, assets, vehicles, etc. With an objective to facilitate people live worry-free life related to expenses incurred in any of the categories aforementioned, a number of insurance providers have cropped up providing general insurance products. All products other than life insurance fall under the category of general insurance. So, you may be having a set-up for manufacturing; equipments used are very expensive. There can be theft or fire that may ruin your financial stability. In such a case, it is the related corporate insurance under the ‘general insurance’ category that will cover all associated expenses.
When we speak of motor insurance, we mean all vehicles including private and commercial vehicles. With motor insurance, you get cover against damage caused to your vehicle or third party in case you meet with an accident. In short, you get cover for your vehicle property, liability, and medical coverage. Property coverage covers to the damage to or theft of your car or commercial vehicle; liability covers legal responsibility to others for bodily injury or property damage. To get such an auto insurance contract signed between you and the insurance company, you will have to pay the said premium. Do read the terms and conditions before you buy such a policy. Though benefits covered in car insurance or any other motor insurance are almost the same, yet you will find certain difference. This difference can be noticed in premium as well. There can be myriad causes that can lead to damage of your vehicle. This can be either of natural causes like storm, tempest, inundation, cyclone, hailstorm, fire, explosion, self-ignition, lightning, hurricane, frost, landslide, earthquake, flood, typhoon, and rockslide. And there can be man-made causes ranging from accident by external means, damage in transit, burglary to theft, riot, strike, and malicious act. Motor insurance generally covers all the aforesaid causes. When you buy your car insurance or any other auto insurance, which is made mandatory by law, do consider the company; it should be reliable and fast in responding to any emergencies. To get the best car insurance, go online and get auto insurance quotes. You can compare benefits and premium with such a facility. You can also get auto insurance quotes at the corporate site of your chosen insurance provider.Roben Williams has shared and recommends his professional opinion about general insurance,general insurance, car insurance, and health insurance companies in india like l and t insurance etc. He has over 25 years of experience as insurance adviser.
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