Third Party Losses In General Insurance And Fire losses Death In Accident In General Insurance And Calamity Losses

Question

Accepted Answer

Third party and fire losses are common in general insurance, while death in accidents and calamity losses are covered under general insurance.

Third party losses refer to the damages caused to a third party due to the insured's actions or negligence.
Fire losses refer to the damages caused to the insured's property due to fire.
Death in accidents is covered under personal accident insurance, which provides compensation to the insured's family in case of accidental death.
Calamity losses refer to the damages caused to the insured's property due to natural calamities such as floods, earthquakes, etc.
General insurance policies cover third party and fire losses, while personal accident and calamity insurance policies cover death in accidents and calamity losses respectively.

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