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General Insurance is related to all other aspects of human life apart from the life aspect and it includes health insurance, motor insurance, fire insurance, marine insurance and other types of insurance such as cattle insurance, sports insurance, crop insurance, etc. We will be discussing the various types of general insurance in the following lines. a. Fire Insurance: Fire insurance is a type of general insurance policy where the insurer helps in paying off for any damage that is caused to the insured by an accidental fire till the specified period of time, as mentioned in the insurance policy. Generally, fire insurance policy is valid for a period of one year and it can be renewed each year by paying a premium, which can be a lump sum or in installments. The claim for a fire loss must satisfy the following conditions: i. It should be an actual loss. ii. The fire must be accidental and not done intentionally
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