What is difference LIC and GIC?

Contents

LIC is a long-term investment in which people have to pay after some tenure as a safeguard for their protection. On the other hand, GIC is a short-term investment in which you can avail the benefits at any time.

What is not protected by most homeowners insurance?

Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered. Damage caused by smog or smoke from industrial or agricultural operations is also not covered. If something is poorly made or has a hidden defect, this is generally excluded and won’t be covered.

Which area is not protected by most homeowners insurance?

2. What’s NOT Covered On a Standard Homeowners Insurance … Earthquake and water damage. In most states, earthquakes, sinkholes, and other earth movements are not covered by your standard policy.