General insurance should be your priority as your assets may get damaged due to an accident or theft. Let’s understand its importance with an example:

Mr. ABC has got a new car, and he is slated to hit the roads. But while driving, his car suddenly gets hit by the other vehicle trying to overtake. This dislocates the left mirror of his car. Mr. ABC is stress-free as he has motor insurance, which will provide financial cover for the damages and he doesn’t have to pay for the damages.

This shows how general insurance can help to eliminate the dent in your pocket by providing cover for tangible assets.

There are various types of general insurance; these include: