What is general insurance?
Non-life insurance policies come under the ambit of general insurance. They include automobile and home insurance services, apart from other wide range of services like fire Insurance, motor Insurance, car insurance, health insurance, travel insurance, insurance renewal, public sector insurance, government general insurance etc.
There is separate need of 'general insurance' for private individual and business purposes. So the general insurance can be divided in two segments –
1) personal insurance with the policy holder being a private individual; and
2) commercial insurance with the policyholder being a firm or any other type of an organization.
Importance of General Insurance
Some important features of general insurance are given hereunder:
• Property: Property insurance offers a good number of variants that are useful to business houses to secure their physical property, like machineries, buildings and stocks etc.
• Pecuniary: 'Pecuniary' losses are financial losses, viz. legal expenditure, business encumbrances, frauds etc., but don’t mean damage to property.
• Multi-insurance options: Certain reputed general insurance companies sell travel insurance, health insurance, motor insurance and a lot of other variants.
Commercial Vehicle Insurance
Commercial vehicle insurance offers cover to vehicles for damages, fire, theft, burglary, earthquake, cyclone etc. Your vehicle, properly insured, is your all-time best friend and companion. So spend as much as you can on buying a befitting insurance policy. It is strictly advised that by negotiating with the reputed insurance companies, you get a comprehensive commercial vehicle insurance policy from the one which may be most suitable to you.
Online Insurance
It is always sane to buy insurance on line. For that you call for quite a number of online quotes from some reputed insurance companies. Then shortlist a few, depending upon your specifications, like premium, low cost renewal, alternatives, deductibles etc. Do not hesitate in putting up your queries. Ask as many questions that come to your mind for transparency and clarity. Only after scrutinizing all the necessary details, choose the insurance company which meets all your specifications. And still before finalizing anything, make sure to go through all the terms and conditions of the company, so that you do not miss out on anything and are quite sure that you have made the best choice.
Generally the online insurance will offer you the following facilities:
• Easy, efficient and satisfactory claims.
• Insurance available for private carrier, public carrier, passenger vehicles, trailers etc.
• 24x7 hrs claim assistance.
• Commercial Vehicle policy offers unlimited third-party cover.
• 50% No Claim Bonus (NCB) on renewal if no claim was made the previous year.
For more information visit: General Insurance and Commercial Vehicle Insurance.