MANAGEMENT

Detailed explanation-1: -General insurance covers home, your travel, vehicle, and health (non-life assets) from fire, floods, accidents, man-made disasters, and theft. Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.

Detailed explanation-2: -What is General insurance? General insurance covers non-life assets-such as your home, vehicle, health, travel – from floods, fire, thefts, accidents and man-made disasters.

Detailed explanation-3: -Underinsurance refers to inadequate insurance coverage of the policyholder. In this article, we’ll get to know how underinsurance impact fire insurance claim settlement. The reinstatement value of the asset provided the defined basis of the claim is market value or reinstatement value.

Detailed explanation-4: -There is a distinction between the types of insurance one is life insurance and other is non-life or general insurance. As an individual, you will be covered under the Life insurance policy. The reimbursement under the policy can be withdrawn on the event of death or maturity of the policy.