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Except life insurance, all other insurance is general insurance. It comprises insurance of property against fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. Professional indemnity insurance is another type and is meant for the professional. By paying the premium under this policy, the insured can get reimbursement for any loss that may occur.

Some general insurance is required under law. The common types of these policies are:

1. Home insurance coverage provides protection to home and property from loss caused by theft, fire, earthquake, flood, or other disaster.

2. Renters insurance policy secures property owned and stored by tenants in rental premises.

3. Medical Insurance is, basically, a promise by an insurance company to provide or pay for medical expenses in exchange for payment of premiums.

4. Auto Insurance – Protects the vehicle owner from claims for bodily injury or damage caused by operation of a vehicle. It is illegal to operate vehicle without auto insurance.

5. Travel Insurance is insurance against contingencies during travel.

6. Professional indemnity insurance – Provides protection to professional from claims of professional negligence. Some states require professional indemnity insurance for certain professions.

Most general insurance policies provide standard coverage. Insurance companies also offer customized coverage. Some form of coverage is required for every family. It is a must for all in today’s world.

You will save much if you only have between 15-30 minutes. Visit, receive and compare quotes from selected insurance quotes sites.

It’s not unusual to see differences of a couple of thousands in the range of quotes offered for a given profile.