The period of insurance in non-life insurance contract is usually
Answer Details
The period of insurance in a non-life insurance contract is usually one year. This means that the insurance coverage provided by the contract lasts for a period of one year, after which the contract needs to be renewed if the policyholder wishes to continue being covered. The one-year term is a standard in the non-life insurance industry and is commonly used for various types of insurance policies, such as property insurance, liability insurance, and motor insurance. The exact duration of the insurance contract may vary depending on the specific policy and the insurer, but one year is a common and widely-used term.