Buying General Insurance is easy with Capital Tree
Motor Insurance, Travel Insurance, Home Insurance, and Commercial Insurance
What is a General Insurance?
Our life is full of joyful moments. But there are risks involved at every stage of life. These unwanted and unpredicted events can make us week both emotionally and economically.
General Insurance or Non-Life Insurance helps you to protect yourself and your belongings that are important for you. It can be your home, car, bike, and other commercial equipment. The financial risk factor for these commodities is high.
Therefore General Insurance provides financial protection to your valuable commodities in many unexpected conditions. It can also cover the expenses for legal proceedings.
It is to be understood that both life insurance and general insurance are equally important but they are not the same. Both serve a different purpose.
The tenure of general insurance is one year which is different from that of life insurance policies.
Life insurance covers the risk of death and related consequences of an individual while General Insurance covers the financial risks related to the belongings like a car, bike, home, and mobile phone, etc.
Why should you have general insurance?
- The main reason to have general insurance is to protect one’s belongings and assets against financial loss.
- The law also requires us to be insured against some liabilities. That is, in case we cause losses to another person, that person is entitled to compensation.
- To ensure that we can afford to pay that compensation, the law requires us to buy liability insurance, so that the responsibility of paying the compensation is transferred to an insurance company.
- It brings you peace of mind. With a suitable general insurance policy, most of your worries are covered. It means that you are not alone at the time of risk.
Capital Tree in Lucknow helps you in choosing the best general insurance like motor insurance or home insurance. We provide you with the latest insurance schemes in the market. We discuss all the terms and conditions in great detail which helps our customers to select the most suitable insurance for them. You can directly reach out to us through our social media channels and the website itself.
Types of General Insurance
There are mainly four types of general insurance:
- Motor insurance
- Health insurance
- Travel insurance
- Property insurance
Each insurance caters to a specific type of security against different kinds of losses. Thus we can say that according to your need, general insurance can be put into a must-have list of every individual, business, or anybody that has risk involved in its functioning.