In: Insurance What are the six general types of insurance? What are the six general types of insurance? 1 Answer afaq 36 Questions 31 Answers 3 Best Answers 12 Points View Profile Ankita Negi Added an answer on March 10, 2020 at 7:15 pm According to Collinsdictionary.com Insurance is an arrangement in which you pay money to a company, and they pay money to you if something unpleasant happens to you, for example, if your property is stolen or damaged, or if you get a serious illness. six general types of insurance Property Insurance Property Insurance means that insurance companies provide certain security against the property of the person. Fire Insurance Fire Insurance means protection of the stocks or products against the fire. If the business owner takes the fire insurance it helps them or secures him against the fire of the products. Life Insurance Life Insurance means to get the security of health of the person. If any person got admitted in the hospital then Insurance company will pay the amount of the bill, it depends on the policy he took. Property Insurance Property Insurance means to provide protection against the damaged or destroy property. Property Insurance makes sure the businessman that company will pay the amount of the damage. Personal Insurance Personal Insurance means to get the insurance of yourself. It means that to get yourself insured. Personal insurance includes insurance of loss due to death, accident, and disease. Click Here: Importance of Insurance to Society 0 Reply Share Share Share on WhatsApp Share on Facebook Share on Twitter Share on LinkedIn Sorry, you do not have a permission to answer to this question.