general insurance

Definition

noun
insurance relating to various potential losses, e.g. theft or damage, but excluding life insurance

Use general insurance in a sentence

You should try to make sure that you always have at least a general insurance so that you have some coverage.

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We were assessing our position with regards to risk and we had decided to increase our monetary expenditure on general insurance.

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A general insurance policy was purchased to insure against standard risks however a separate errors and omissions policy was needed to insure other exposures.

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general fund general journal