General Insurance is a type of insurance that caters to all types of insurance apart from life insurance. This works to protect the financial value of all substantial assets like home and vehicle that are susceptible to any kind of damage or loss. We at Pradip Kothari Financial Services guides you to walk the right path to meet all your financial needs when any such damage or loss occurs to your personal assets.
Motor Insurance cover damages or theft to your two wheeler, three wheelers, four wheelers and commercial vehicles, the damage which is caused due to accident is covered, and also the third party damage under the motor vehicle act is covered Any damage which is caused by man-made circumstances or by natural calamities are covered in the policy with Add-ons, this insurance is compulsory for all the vehicles which are moving on the road.
Home Insurance and household insurance protects your home from unforeseen incidents, it covers the items which are inside your home like interior, furniture & fixtures, Electrical items, jewelries etc. It also cover the natural calamities if it has been opted in the Policy.
Travel Insurance is the most popular type of general insurance which are taken by the individuals who are travelling abroad, it covers theft, loss of belongings, medical emergency flight delayed, baggage loss and third-party liability.
Fire Insurance is a contract between the insurance company and the insured where the company covers the damage and losses caused by the Fire. The policy holder Can claim up to a specific limit of amount mention in his policy, the loss is measured by the surveyor which is appointed by the insurance company. Following are the factors we should keep in mind before taking out the fire insurance
• Type of risk the organization is exposed to
• Nature of the property
• What is the content in that property
• Occupancy risk
• Exposure
Labor Insurance is a compensation policy which is design to insure the employer against the liability arising towards the injury at the workplace In this policy the workers are covered against Death, Permanent Total Disablement, Permanent Partial Disablement, Temporary Disablement, Medical care from the injury or illness. It is compulsory for the companies to cover their workers under this policy and the claim is process through labor Court Employer is legally liable to pay compensation to its employee under the employee’s compensation act 1923
Accidental Insurance is a type of insurance where the policy holder pay certain amount to get coverage against any accidental which might result in his death or disablement it can be taken on individual basis or on group basis.