Most general insurance policies typically run for how long?

Most general insurance policies typically run for a duration of 12 months. This timeframe is considered standard in the insurance industry, particularly for policies such as home, auto, and commercial insurance. A 12-month term allows for comprehensive coverage over an extended period, providing policyholders with security and predictability in their insurance costs.

Shorter terms, like 1 month or 6 months, are less common and may be offered for specific types of coverage or under certain circumstances, but they do not represent the standard practice for general insurance. A 24-month term can occur but is less typical, as most policies are structured for annual renewal, aligning with common practices in risk assessment and underwriting. Thus, the choice of a 12-month duration reflects the industry's standard approach to providing adequate coverage and management of risk.