General Insurance

Insurance aims to compensate the financial losses that you incur on account of an unforeseen and untoward incident. It could be anything ranging from an accident, being a victim of a natural catastrophe to house or vehicle theft. When you take an insurance policy you enter into a contract with the insurance provider. You rights, as a policyholder will depend on the terms of the contract and any endorsements, which may be added to it.

Car Insurance - Anyone who owns or drives a car on the public road has to have at least a third party insurance cover according to the law. This insurance covers your liability for injuries to other people, their property and their cars, which may be caused by the use of your car on the public road. A majority of the people opt for third party insurance that covers the liabilities mentioned above. Fully comprehensive policies are what cover the cost of accidental damage to your own vehicle as well as the damage to other's vehicle.

Employee Insurance - If you run a business you have to legally have Employer's Liability Insurance that covers the liabilities for your employees against any hazards or accidents arising out of working for you.

The "Other Insurance" category includes the following -

House Contents policy - Content Insurance covers all the movable objects that you have in your home for loss or damage caused by specific events and occurrences. Thefts, vandalism or any such damage can cause a huge financial loss, hence insuring the contents of your home makes it easier to claim the costs of your possessions during such untoward instances. Gender. Since women seem to live longer than men, they will need a bigger pension saving.

Private Health Insurance - Health care is expensive and care make a deep dent in your savings were you to spend on your own. Therefore it is imperative to have health insurance. Private Health Insurance is intended to cover the costs of private medical treatment for curable, short-term medical conditions. Usually policies do not cover the treatment of long-term illnesses that are incurable.

Holiday Insurance - Most travel agents sell holiday insurance but buying holiday insurance from them can often work out expensive and the cover may not be as comprehensive as that sold by regular agents. If your are frequent international traveller, it would work out better to opt for an annual travel insurance contract than individually for each trip. You could also check out the free insurance cover offered by credit card companies if you pay for the tickets using their credit card.