Insurance is an important part of our lives, providing us with financial security and protection against losses. General insurance is an important type of insurance that provides protection against a variety of risks, such as property damage, liability, and certain medical expenses. In this article, we will explore the interesting points of general insurance and how it can provide peace of mind.
Interesting points in general insurance The purpose of insurance is to protect against material damage caused by natural disasters, fire, accidents that can cause severe damage to a material or accidents that endanger life, especially death. Now the existence of insurance has become a necessity that should be available to every society. There are different types of insurance, one of which is general insurance, which of course is familiar because general insurance consists of several types that have their own goals according to their field.
What is the definition of public insurance?
General insurance, in general, is an insurance service that provides benefits to the policyholder in the form of compensation in case of damage, financial loss that causes significant losses. By having public insurance, we can minimize and prevent losses. It can be concluded that general insurance is very different from life insurance or old age savings insurance.
Interesting types of general insurance
- Motor vehicle insurance
Motor vehicle insurance services are included in general insurance, which is intended for protection in the form of full compensation in case of damage caused by an accident or loss of a motor vehicle, provided that it has a valid and official police number. Today, there are 3 types of motor vehicle insurance, which are:
- all risk (comprehensive)
This type of all-risk (comprehensive) insurance services is aimed at protecting against damage or loss of motor vehicles due to incidents such as accident, accident, fire, fall in a valley, theft, to transportation of vehicles by ship.
- total loss only (TLO)
The concept of total loss only insurance is almost the same as All Risk (comprehensive), but the difference is that the benefits of TLO insurance services are revealed if the loss of the vehicle reaches 75% of the value of the dependent vehicle.
- Third party liability
This is an insurance service to replace the medical expenses of victims of specialized accidents.
- fire insurance
Insurance that protects against the risk of loss due to fire caused by electrical short circuit, lightning strike, explosion of gas cylinder etc.
- Commercial insurance
Insurance intended for business people, business insurance is divided into several types, which include:
- Cargo insurance
- Engineering engineering insurance
- Credit insurance
- travel insurance
A guarantee that is specifically intended for a person who is traveling, the duration of this travel insurance is also short only when traveling and returning home again.
These are some short reviews about general insurance.
In conclusion, general insurance is an important aspect of our lives as it provides us with protection from unexpected and often financially devastating events. By understanding the most important aspects of general insurance, such as the types of cover, premiums and exclusions, you can make sure you’re properly protected in the event of an unexpected loss.
