There are many general insurance products available on the market. General insurance is broadly defined as non-life insurance policies.
Products vary between companies, and consumers should always read their Product Disclosure Statement (PDS) before they purchase cover. Consumers should always purchase cover appropriate to their degree of risk.
The six Chief forms of general insurance include Home and Contents Insurance, Motor Vehicle Insurance, Business Insurance, Mortgage Loss Insurance/Lender’s Mortgage Insurance/ Mortgage Protection Insurance, Workers Compensation and Travel Insurance.
There is nobody product that’s acceptable for everybody. Consumers should shop around to be sure the product they choose is appropriate to their position and degree of danger. You can also check out Leland West Insurance
There are many other types of general insurance products provided by Australian insurance firms, these typical insurance products offered include:
- Consumer Credit
- Compulsory Third Party Insurance (CTP)
- Cyber Risk
- Extended Warranty
- Farm, Crop, and Livestock
- General Property, Home and Contents
- Home Warranty and Lenders Mortgage
- Pet Insurance
- Product Recall
- Professional Indemnity
- Public and Products Liability
- Marine Insurance
- Medical Indemnity Insurance
- Motor Vehicles
- Workers’ Compensation