Understand the pros and cons of General (Property) vs Term Insurance

Hero Housing Finance Ltd13 Mar, 2023Finance

General insurance provides coverage against property damage, theft, and other types of losses. It includes home insurance, car insurance, and other types of property insurance. The pros of general insurance are that it provides comprehensive coverage against specific risks and helps in financial protection against unexpected losses. However, the cons of general insurance are that it may not cover all types of losses and may have exclusions and limitations in the policy.