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types of insurance

TYPES OF INSURANCE

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There square measure several general insurance products on the market. General insurance is generally outlined as non-life insurance policies.

Products vary between firms, and shoppers must always browse their Product speech act Statement (PDS) before they purchase cowl. shoppers must always purchase cowl applicable to their level of risk.

The six main varieties of general insurance are: Home and Contents Insurance, motorized vehicle Insurance, Business Insurance, Mortgage Loss Insurance/Lender’s Mortgage Insurance/ Mortgage Protection Insurance, employees Compensation and Travel Insurance.

There is nobody product that’s applicable to everybody. shoppers ought to research to make sure the merchandise they opt for is suitable to their scenario and level of risk.

There square measure several alternative varieties of general insurance product offered by Australian insurance firms, these general insurance product offered include:

  • Aircraft
  • Bond
  • Construction
  • Consumer Credit
  • Compulsory Third Party Insurance (CTP)
  • Cyber Risk
  • Defamation
  • Engineering
  • Extended guarantee
  • Farm, Crop, and eutherian
  • General Property, Home and Contents
  • Home guarantee and Lenders Mortgage
  • Pet Insurance
  • Product Recall
  • Professional Indemnity
  • Public and Product Liability
  • Strata
  • Travel
  • Marine Insurance
  • Medical Indemnity Insurance
  • Motor Vehicle
  • Workers’ Compensation
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