In a world of uncertainty and natural and man-made disasters, people want to know that the assets they value the most are protected. This can be done by securing general insurance products.   Today, we look at the importance of motor, fire, and home insurance.

What is General Insurance? 

In Sagicor General Insurance’s Covered e-booklet, general insurance is defined as “protecting your assets, possessions and businesses against financial loss.” The new car you just purchased, the contents of your home and property, the outdoor concert, and the dream trip to Alaska are all insured under general insurance. General insurance compared to life or health insurance is issued by annual contracts, yet public liability insurance, a general insurance product is seasonal or event specific (short term and irregular).

What Are the Different Types of General Insurance?  

There are five main types of general insurance: Motor Insurance, Fire Insurance, Home Insurance, Marine Insurance and Travel Insurance. Each category has specific criteria about the level of coverage provided.

Motor Insurance Is More than Insurance for Your Vehicle

Every driver on the road is mandated to have motor insurance. This covers damage to the vehicle, the driver and individuals who are involved in the accident or a person who was designated to drive your vehicle. There are three types of motor insurance with Sagicor General: third party only, third party fire and theft and comprehensive.  You can speak to one of our agents to find out which motor insurance is right for you or learn more about these motor insurance plans in Covered. 

Home Insurance Covers Your Home and Everything in It 

Home insurance can cover your property and its possessions, also liabilities resulting from accidents that may occur in your home. But this type of coverage does not cover acts of war or terrorism.

Learn more about these terms in our new downloadable e-booklet, “Covered: The Essential Guide to All Things Home, Motor and Travel Insurance” available here: sagicor.com/covered