General insurance covers risks other than life insurance. It can help protect physical assets, financial interests and responsibilities against specified unexpected events, subject to policy terms.
Common examples include motor, home, travel, personal accident, property and business insurance. Each policy has a defined scope of cover, limits, exclusions, deductibles and claim requirements.
Before choosing cover, identify the asset or risk, estimate the financial impact of a loss, check the replacement value and understand whether the policy pays on an indemnity or agreed-value basis.
The right policy is not always the one with the lowest premium. Compare coverage, exclusions, deductibles, service support, renewal conditions and the documentation required for a claim.