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It provides accident cover for individual owners of the vehicle while driving and also for passengers and third party legal liability. There are certain general insurance companies who also offer online insurance service for the vehicle. Auto insurance is a compulsory requirement for all new vehicles used whether for commercial or personal use.
Auto insurance costs are up more than 22% since this time last year. It may be time to take that defensive driving course and bank the discount.
General insurance or non-life insurance policy, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determined to be life insurance .
In 1941, the insurance industry began to shift to the current system where covered risks are initially defined broadly in an "all risk" [19] or "all sums" [20] insuring agreement on a general policy form (e.g., "We will pay all sums that the insured becomes legally obligated to pay as damages..."), then narrowed down by subsequent exclusion ...
The General is a licensed insurance agency that is a subsidiary of Sentry Insurance that focuses on auto insurance. In 2012, the company was acquired by American Family Insurance ; The General brand remained as a separate brand. [ 1 ]
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