Invention Insurance
Invention Insurance might not that familiar. Invention Insurance can be categorized in General Insurance. Invention Insurance specifies in Industry and Technology sector.
Invention Insurance covers buildings and monuments, bridges, dams, industrial tools, industrial machines, and electronics tools.
Due to the specific purpose, Invention Insurance will benefit all those who involves in a project, like the project owner, contractor, the machines and tools that is used during the project, and all other side that is responsible for the project, which has been determined by the legal law.
Burglary Insurance
Burglary Insurance is another alternative of protecting our valuable property, and it is also considered as a part General Insurance, the same as that House-owner & Household Insurance. A bit different from House-owner & Households Insurance which focus on properties inside our living place, Burglary Insurance in concerning with properties, placed in insured building/warehouse, whereas robbery and burglary done which brings the properties damaged or broken.
The premium rate that must be paid in Burglary Insurance depends on some factors,
- it depends on the location of the guaranteed meant by the insurer
- security system available on the spot, and
- type and value of the property it self.
The exact premium rate will be arranged in Burglary Insurance policy.
House-Owner and Household Insurance
House-owner & Household Insurance is another kind of General Insurance. House-owner & Household Insurance guarantees loss that is caused by missing or damaging households properties, which lies inside an insured building, on certain kinds of risks like fire, robbery, natural disaster like earthquake, etc.
House-owner & Household Insurance is commonly having a low cost of premium, and a short-term period.
what should you know about general insurance ?
Analyzed from the name, general insurance can be defined as insurance type that covers all things in general, including the handling of indemnification risks, the loss of benefit, and legal responsibility toward the third party, which appears by uncertain cause.
General insurance commonly is a short-term insurance, with certain limit or period of time. It can be within a year, or more, depends on the company running this insurance.
General Insurance can be divided into some more specific and detail insurance, like Car Insurance, Fire Insurance, House-owners & Households Insurance, and Burglary Insurance.
Some Insurance companies also includes Health Insurance as a part of General Insurance, some others put Health Insurance as a part of Life Insurance. Those are some general insurance concerns with individual or family matter.
In fact, General Insurance has been developed more and specific, like Invention Insurance and Forwarding Insurance.
