distinguish between general and life insurance. General insurance is non-life insurance known as property and casualty insurance, including auto and homeowners policies. They also provide payments based on the loss resulting from a particular financial event. General insurance includes all insurance that is not determined as life insurance. The event may not take place at all or only partially. All goods have value and also provide some benefit to the owner. So, if the goods were destroyed, there would be a financial loss for the owner. Therefore, to protect this financial loss, insurance is taken out. There is no investment after a specific period. However, the insured interest must be submitted at the time of the loss. There are basically three types of non-life or general insurance: fire, marine and miscellaneous, while travel insurance is the most common types of insurance under general insurance miscellaneous insurance. General insurance has many different types of coverage, so talk to a reputable agent before taking out a policy. General insurance can be transferred...