General insurance refers to anything other than those types of insurance policies that has anything to do with life or life insurance and there are many types of general insurance policies. General insurance policies are offered for other things and reasons- you can get a general insurance for an automobile or for your home and property instead. This may even be financial and so, as you can see there are different types of general insurance policies- all of which apply very differently. These are also known as property and casualty insurance in countries such Canada and the United States.
Automobile insurance is one of the many types of general insurance and these are considered to be very important in the world of today where anything could and does go wrong with our cars. Accidents are so common and anyone could even try to steal our cars and these types of general insurance basically cover these situations so that one is prepared well enough in case he/she encounters any of these given situations. One may even crash his or her car and would need to get this repaired and life insurance policies may not cover these instances because of which certain types of general insurance policies exist- they cover up and compensate for those areas that life insurance policies do not cover up (since those areas have nothing to do with life insurance policies).
Then there are those types of general insurance policies that help a business by covering those instances due to which a business may lose funds and money. These are known as pecuniary general insurance policies. They are made purely for financial purposes and recoveries and only cover such matters. So if money is lost due to fraud or some other unfortunate reason, these types of general insurance policies would help cover and deal with these situations.
Anything could happen to the property that a homeowner or a business owns. That is why there are those types of general insurance policies that help cover those situations as well. Houses may be affected by earthquakes, hurricanes and storms or someone may breakdown your door in an effort to rob your house and these are the situations that these types of general insurance policies help cover. It is important to note that there are some types of general insurance policies that may not be included in one policy- for example, though you would be covered in cases of robbery, theft, or storms but you may not be covered in cases of floods because different types of general insurance policies exist for these and you may or may not invest in them.
There are just some of the many types of general insurance that exist out there and though there are many other but these are the more prevalent and common types of general insurance policies that exist in the world of today. Since they have nothing to do with life insurance policies you will never find the both of them together- they must be bought separately.