General insurance or non-life insurance policies, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance typically comprises any insurance that is not determined to be life insurance.General insurance is basically an insurance policy that protects you against losses and damages other than those covered by life insurance. For more comprehensive coverage, it is vital for you to know about the risks covered to ensure that you and your family are protected from unforeseen losses.

General insurance covers a variety of products and services including insurance policies for business. It covers insurance for several products as well as business insurance. General insurances can be divided into two major types: personal and business insurance.

Personal insurance policies under the class of General Insurance pertains to Insurances for the home, which includes the building and the content, vehicles,caravan, boats and for pets are some products that are considered as under General Insurance. Travel insurance, health insurance including private medical, dental and personal accident insurance, extended warranty and breakdown insurance are also part of General Insurance. Other products such as legal expenses and payment protection for mortgages are part of this type of insurance as well.

Business products under General Insurance include property insurance such as vehicles and stocks, goods in transit, employer's liability, business interruption, legal expenses and key man insurance.

Insuring anything other than human life is called general insurance. Examples are insuring property like house and belongings against fire and theft or vehicles against accidental damage or theft. Injury due to accident or hospitalisation for illness and surgery can also be insured. Your liabilities to others arising out of the law can also be insured and is compulsory in some cases like motor third party insurance.

Types of general insurance:

home, auto, fire, health, travel, etc even loss against natural clamities like flooeds, earthquake, volcano etc.

The coverage period for most general insurance policies and plans is usually one year, whereby premiums are normally paid on a one-time basis.

The risks that are covered by general insurance are:

    Property loss, for example, stolen car or burnt house

    Liability arising from damage caused by yourself to a third party

    Accidental death or injury

The main products of general insurance includes:

    Motor insurance

    Fire/ Houseowners/ Householders insurance

    Personal accident insurance

    Medical and health insurance

    Travel insurance

If you have further query feel free to contact Canada Insurance Plan .