GENERAL KNOWLEDGE

Detailed explanation-1: -Commercial insurance helps the business owner pay the repair or replacement cost of any damaged property.

Detailed explanation-2: -Liability insurance provides protection against claims resulting from injuries and damage to people and/or property.

Detailed explanation-3: -Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance.

Detailed explanation-4: -This is one of the most commonly known types of property insurance policies in India. A homeowner’s property insurance, or home insurance, provides you financial support for repairing the damages incurred to your personal property due to a natural and man–made calamity such as fire, theft, earthquake, or burglary.

Detailed explanation-5: -Personal possessions cover is an add-on that only a comprehensive car insurance policyholder can purchase. The insurer will provide coverage for any loss or damage to any of your personal possessions kept inside the car as per the insured declared value of your car insurance policy.