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Non-Motor Insurance

Non-Motor Insurance

The definition of non-motor insurance is, the losses that are incurred from a specific financial event are compensated to the insured this is called non-motor insurance. General insurance, property insurance and casualty insurance are other names of non-motor insurance. It can be defined as any insurance that is not related to life insurance. People, legal liabilities and properties are covered under a non-motor insurance policy. There are some examples of non-motor insurance policies that completely justify the meaning of the term. General insurance policy examples are homeowners policies, motor insurance policies, marine insurance, damage coverage from fire, calamities, theft, travel insurance or any online breach incident related to cybersecurity. It is very difficult to measure the amount of damage caused by online incidents as the probability of occurrence of these risks is extremely difficult to ascertain. However, these can be covered with the help of a non-motor insurance policy.

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