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An insurance policy gives you peace of mind. If you get sick, the insurance policy will help make sure you are able to pay your medical bills.

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โˆ™ 2014-06-05 09:57:24
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Q: What are the Advantages of general insurance policy?
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Related questions

What policies are offered by General American Life Insurance?

There are many policies offered by General American Life Insurance. These include the Variable Life Insurance policy, the Condo Insurance policy and the Boat Insurance policy.

This form of insurance is also called as a success protector policy?

General liability insurance, or umbrella policy

What are some advantages of having a health insurance policy?

"Some of the advantages of having a health insurance policy are that if one happens to get sick, they will be covered by their medical insurance. If one is not covered the costs for medical care can be detrimental."

What is the object of general insurance?

The main objective of general insurance is to provide insurance coverage for non life products. This may vary from medical insurance to fire & burglary, marine insurance, shopkeepers policy, householders policy and so on.

What does general liability insurance cover?

The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.

You are starting a residential cleaning business Should you get general liability insurance or professional liability insurance?

You need a commercial general liability policy.

Is in many other countries health insurance is considered as a part of life insurance?

In India, LIC of India sells health policy viz., Jeevan Arogya. But technically, health insurance policy comes within the purview of general insurance. Star Health & Allied Insurance Co.Ltd. in the general insurance sectors sells only Health insurance polcies.

What are the two types of insurance policy?

there are two types of insurance 1. Life insurance 2. General insurance

What age can you sell your life insurance policy?

In general, the age of majority in your state will dictate when you are of legal age to buy a life insurance policy on your own. Again in general, you would need to be the same age to sell it.

Are defense expenses paid in a contractors professional liability policy?

A Professional liability insurance Policy, as well as a contractors General Liability Insurance policy will provide coverage for the cost of legal defense.

What are the advantages of 20 year term insurance?

Term life insurance protects you for the term of the policy. You are not required to renew each term.

What is risk based insurance?

Both life and general insurance policies are risk based. In the case of life insurance policy, the risk is human life based. In general insurance, the risk whether cash/kind varies as per specific nature of the policy.In fact insurance policy is a substitute against avertment of risk factor.

What auto insurance policy begins with ACA?

Access General Insurance 866 747 6931

What are the example of insurance industry?

Insurance industry is boradly divided into two categories viz., life and general. While Life Insurance providers cover lives of individuals, general insurance covers vast items starting from medical insurance, fire & burglary, money transit, shop keepers' policy, householders' policy and so on.

What are some of the advantages of getting some cheap life insurance?

Advantages are easy,your premiums will be less.Allways read through any policy carefully.

What type and amount of liability insurance does a two person catering company need?

You need A General Liability Insurance Policy

Are benefits from a whole life insurance policy taxable?

As a general rule, life insurance proceeds from any type of policy are not taxable to the beneficiary. In addition, any loans from cash value are not taxable unless the policy lapses.

Why is is important to have different types of insurance?

Since human needs vary, there is necessity for different types of insurance policies. While life insurance policies cater only policies related to individual life, general insurance has vast categories ranging from medical insurance, shopkeepers policy, householders policy, fire and burglary policy, marine policy, money transit policy and so on. Each policy cater to specific needs of the person or concern as the case may be.

What does general aggrEGATE insurance cover?

Aggregate = per year, which generally is the policy period.

What is composite insurance policy?

It is a composite insurance policy(:

Can you take out an insurance policy on your grandson with out his consent?

I can't think of a reason why not. If you want to pay someone to insure something (or someone) they should let you. I suppose it really depends on exactly what the insurance policy is (life insurance, auto insurance, some other general liability insurance). Check with the specific insurance company about the specific type of insurance for an exact answer.

What is excess insurance mean on an subcontractors insurance?

The term 'excess' insurance is usually for liability coverage. An excess liability policy is also commonly referred to as an 'umbrella' policy because it offers additional coverage over other liability coverages. In the case of a subcontractors insurance, it would be a policy which would extend higher limits than the base policy on general liability and auto liability.

Which insurance companies offer general insurance policies at an affordable rate?

Almost any car insurance company will be able to offer you a general insurance policy at affordable rates. You should ask family, friends and co-workers for a referral to a good insurance agent in your local area.

What is the executor on a life insurance policy?

The Policy Holder of a life insurance policy is the executor of the said policy.

What is special about Key Person Insurance?

Key person insurance is an important form of business insurance. In general, key person insurance can be described as an insurance policy that is taken out by a business to remunerate that business for financial losses.

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