Non-Life Insurance Products: Personal Line

This chapter describes the non-life insurance products for individuals and families. For a better understanding, types of cover have been divided into five macro-categories and description provided: Finally, a miscellanea of risks is illustrated (i.e. unemployment insurance, travel insurance, pet insurance and Condominium insurance). Concerning reimbursement, different formulas are explained. Replacement cost value (RCV), Actual Cost Value (ACV), Current market value (Open Market Valuation OMV).