Property Insurance

Provides financial protection against damage or loss of physical assets, such as real estate, personal belongings, or commercial property.

What is Property Insurance?

Property insurance is a type of insurance designed to protect your physical assets against damage or loss. It provides financial coverage for property you own, such as your home, personal belongings, or commercial property. Here’s a breakdown of its key components.

Property Insurance Typically Covers

Loss of Use

Compensation for additional living expenses if you can’t live in your home due to a covered loss (such as fire or severe storm damage).

Personal Liability

Protection against claims or lawsuits for bodily injury or property damage that occurs on your property.

Physical Damage

Repairs or replacement of damaged or destroyed property due to covered perils like fire, storms, or vandalism.

Personal Property

Coverage for belongings such as furniture, electronics, clothing, and other personal items. It’s important to read the policy details carefully to understand what is and isn’t covered, as coverage can vary widely between policies. Additionally, some risks, such as flooding or earthquakes, may require separate policies or endorsements.

1. Commercial Property Insurance: Safeguards business property, including buildings, equipment, inventory, and other assets. It covers risks such as fire, theft, and certain types of natural disasters. It can also provide coverage for loss of income if your business operations are interrupted.

2. Condo Insurance: Specifically for condominium owners, it covers personal property and interior damage not covered by the condo association’s master policy. It also includes liability coverage.

3. Homeowners Insurance: Covers damage to your home and personal property within it due to events like fire, theft, vandalism, and certain natural disasters. It also provides liability coverage in case someone is injured on your property.

4. Landlord Insurance: Provides coverage for property owners who rent out their properties. It includes protection for the building and potentially liability coverage if a tenant or visitor is injured.

5. Renters Insurance: Protects your personal belongings within a rented property against risks like fire, theft, or vandalism. It usually includes liability coverage, which can help if someone is injured in your rental.

Agriculture/Farm Insurance

Insurance designed to protect agricultural businesses and farmers from various risks from crop and livestock losses to equipment breakdowns and liability concerns.

Commercial Property Insurance

Protects businesses from financial losses due to damage or loss of physical assets associated with their operations.

Condo Insurance

Protect your condominium with tailored insurance that covers personal property, liability, and any gaps not covered by the condo association’s policy.

Earthquake Insurance

Provides coverage for damage caused by earthquakes which protects homeowners and businesses from significant financial loss.

Flood Insurance

Guard against flood damage with insurance designed to cover losses and repairs not included in standard home insurance policies.

Home Insurance

Safeguard your home and belongings with comprehensive coverage for damage, theft, and liability, ensuring protection for your residence.

Landlord Insurance

Protect your rental property and income with insurance that covers property damage and liability, ensuring peace of mind for property owners.

Renters Insurance

Secure your personal belongings and protect against liability with renters insurance, covering damage, theft, and accidents within your rented residence.

Umbrella Insurance

Umbrella insurance offers enhanced liability protection, extending coverage beyond the limits of your standard policies to safeguard your assets and provide added peace of mind.

Vacant Property Insurance

Offers coverage for properties that are unoccupied for extended periods. Standard homeowners or landlord insurance policies may not cover vacant properties.