MANAGEMENT

Detailed explanation-1: -Homeowners insurance provides policyholders with coverage against loss and/or damage to their homes and possessions, also referred to as insured property.

Detailed explanation-2: -The property insurance policy is the insurance that protects the physical goods and the equipment of the business or home against any loss from theft, fire, and any other perils.

Detailed explanation-3: -Property insurance provides financial reimbursement to the owner or renter of a structure and its contents in case there is damage or theft-and to a person other than the owner or renter if that person is injured on the property.

Detailed explanation-4: -While purchasing the life insurance policy, the insured either pay the lump-sum amount or makes periodic payments known as premiums to the insurer.

Detailed explanation-5: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.