General insurance covers insurance of property against fireplace, burglary, theft; personal insurance covering health, travel and accidents; and insurance covering legal liabilities. This class of insurance nearly covers all sorts of insurance except life. Other covers might embody insurance against errors and omissions for professionals, credit insurance etc. Common sorts of general insurance area unit motor, fire, home, marine, health, travel, accident and different miscellaneous sorts of non-life insurance.
Unlike insurance policies, the tenure of general insurance policies is often not that of a period of time. The usual term lasts for the period of a selected economic activity or for a given amount of your time. Most general insurance products are annual contracts. There area unit but, a number of product that have an extended term.