General insurance policies cover all types of insurance policies with the exception of life insurance. They basically compensate against any financial loss that may arise due to accidents related to automobiles, homes etc. In the United States they are called property and casualty insurance.
General Insurance in the United Kingdom
In the United Kingdom, there are primarily three domains of general insurance. They are discussed under the following heads:
Personal lines: General insurance provided along personal lines include automobile, home, pet and creditor insurance.
Commercial lines: General insurance products along commercial lines include employers’ liability, public liability, product liability and commercial fleet.
London Market: The London Market provides general insurance for large commercial risks.
General Insurance: Other Policies
Other general insurance policies are:
Insurance against personal accident
Insurance against burglary accident
Home insurance
Insurance against shop accident
Insurance against money accident
Insurance against machinery breakdown