What is general insurance?

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25-07-2024
Business

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What is general insurance?

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-07-25T12:09:37-04:00

Final answer:

General insurance is a type of insurance that covers various risks individuals and businesses encounter by paying regular premiums to an insurance company.

Explanation:

General insurance is a type of insurance that provides coverage for a wide range of risks faced by individuals and businesses. Examples include health insurance, car insurance, house or renter's insurance, and life insurance. Premiums are paid regularly to an insurance company, which then compensates members of the insured group who experience specified adverse events.

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