What is the difference between General Insurance vs Marine Insurance?

Marine Insurance                                           

General Insurance

1.It covers risks associated with ships,cargo, terminals or any transport by water.

2.Depreciation is observed.

3.Insured may not be in the possession of subject

 matter (Insurable interest)
4.New for Old replacement.

5.Tailor made/ customized policies.

6.Policy duration is generally annual basis. 

1.It covers wider range of risks- Property, assets, Health, Life and excludes marine Insurance. 

2.No depreciation is observed. 

3.Insured must be in possession of subject matter.

4.No replacement, only repair/ rectification.

5.General policies for all customers.

6.Policy duration may or may not be annual. E.g- life Insurance.