With multiple service providers and a variety of products, choosing the right vehicle insurance becomes highly complex. If not the right product, there will be serious chaos at the time of raising a claim. Also, with the increasing number of theft cases, building fires and other calamities, a home/commercial building insurance has become an unavoidable necessity in the current scenario. It is a concept that applies to a large group of people which may suffer the same risk in the same conditions or region. The money collected as the premium can be called as a pool and when anyone faces a loss, is paid from that pool. Still perplexed at how does a general insurance policy come into play? Consider that your mother suffered a heart attack suddenly and she needs a transplant. At the same time, your daughter’s college fee was due. It definitely is a huge expense to be made at the same time and none can be preferred over the other. In this time of stress, the family’s health insurance policy can save your burden and the fees can be paid from the savings. A General Insurance Policy here works to save your burden for money. The loss may occur due to perils like fire, storm and flood, earthquake, theft, accident, health, travel, and other similar factors. So now, we know that there exists an asset which is exposed to risk. And in case of the occurrence of losses (subject to the limit of the policy) plays the insurance which pay for the damages.