General insurance helps us protect ourselves and the things we value, such as our
homes, our cars and our valuables, from the financial impact of risks, big and
small – from fire, flood, storm and earthquake, to theft, car accidents, travel mishaps
– and even from the costs of legal action against us. And we can choose the types of
risks we wish to cover by choosing the right kind of policy with the features we need
In general, insurance works by spreading the cost of unexpected risks among a large
number of people in the same region who share similar risks
When you take out an insurance policy, you pay a monthly or annual premium. That
money joins the premiums of many thousands of other policyholders and goes into a
big pool of funds. For more information on how premiums work Click here
