Insurance providing financial protection against the loss of, or damage to, real and personal property caused by such perils as fire, theft, windstorm, hail, explosion, riot, aircraft, motor vehicles, vandalism, malicious mischief, riot and civil commotion, and smoke. Available on Special and All-risk forms, depending on the property being insured. [MORE
coverage of real property (land) and personal property against physical loss or damage from covered perils.
Provides financial protection against loss or damage to the insured's property caused by such perils as fire, windstorm, hail, explosion, aircraft, motor vehicles, vandalism, malicious mischief, riot and civil commotion, and smoke.
Insurance taken on a property to protect the owner against property damage and other unforeseen occurrences. Property insurance is required by lenders for mortgage and home equity loans.
A form of insurance policy that indemnifies an insured for losses, damage and loss of use of tangible property.
Insurance coverage that protects real and personal property from catastrophic losses caused by a variety of perils.
a way of protecting your property or assets from loss or damage because of detrimental conditions like fire, vandalism, weather damage or theft
Insurance that covers direct damage to the nonprofit's property and equipment including consequential losses (business income, loss of rents, extra expense) caused by an insured peril.
Provides financial protection against physical loss or damage caused by fire, windstorm, vandalism or other covered incidents to many kinds of business property that you own. Covered business property can include your building, equipment, tools, supplies, furniture, fixtures and improvements.
Insurance that provides a benefit if insured items are damaged or lost because of fire, accident, theft, or any other cause described within the policy.
Homeowners insurance required by lender to cover fire, flood etc.
A general term used to describe all types of home insurance (including homeowners, tenant and condo insurance). Property insurance provides protection against loss or damage to the policyholder's property caused by perils such as fire.
Insurance which covers losses occurring from fire, explosion and other perils. When obtained by the landlord, the property being insured is the building itself. When obtained by the tenant, the property being insured is typically leasehold improvements and personal property of the tenant. The coverage amount is often stated as a percentage of replacement cost or replacement value. See also 'All-Risk Insurance'. EXAMPLE: See example for 'All-Risk Insurance'.
This provides financial protection against loss or damage to a commercial property caused by specified perils, such as fire, windstorm, hail, explosion, aircraft, motor vehicles, vandalism, malicious mischief, riot and civil commotion, and smoke. It is critical to consider the kinds of hazards present before selecting any property insurance - carefully selected options like flood and fire insurance can make the difference between bankruptcy and solvency.
Line of Insurance that includes many types of coverages designed to handle the risk that a person will suffer financial loss because something he or she owns is damaged or destroyed.
See Property and Casualty Insurance.
A form of insurance that protects real property against certain risks, such as from fires or storms; often called fire and hazard insurance. May include flood insurance. Does not include mortgage insurance or mortgage life insurance.... read full article
Property insurance covers a business for direct losses to equipment, computers, furniture, fixtures, leasehold improvements, etc. resulting from fire, windstorm, theft, and other perils.
A type of insurance that covers you for loss or damage to possessions.
Insurance that provides a benefit payable if a specified property belonging to the insured is damaged, destroyed, or lost as the result of the occurrence of a specified risk, such as fire, theft, accident, or other cause described in the policy.
Insurance that you buy for the building(s) on the land you own. This insurance should be high enough to pay for the building to be re-built if it is destroyed by fire or other hazards listed in the policy.
It provides financial protection against loss or damage to the policyholder's property caused by such perils as fire, windstorm, hail, etc.
Insurance that indemnifies a person with an interest in physical property for its loss or the loss of its income producing abilities. This definition encompasses all lines of insurance written by Property and Inland Marine insurers and can also include certain kinds of insurance written by Casualty insurers, e.g., Burglary and Plate Glass coverages.
Insurance written to cover the loss, by damage or theft, to specified objects of value owned, possessed, or held by the insured. Sometimes called physical damage in case of automobile insurance.
Broad category of insurance which covers accidental economic losses to the insuredâ€(tm)s property.
Insurance of physical property belonging to the insured or for which he is responsible.
Covers accidental losses resulting from damage to property of the member.
A way to share individual risk of financial loss because of damage to property. Purchasing insurance transfers at least some of your individual risk to the insurance company. The company, based on the information you give them, agrees to share your risk of financial loss for a specific premium.
First-party insurance for real and personal property against physical loss or damage.
Insurance affording protection against losses due to damage to or destruction of property or contents therein. Insurance protects assets and any future income thereon from loss, such as a fire, etc.
Insurance providing financial protection against the loss of, or damage to, real and personal property caused by a covered peril.
Property Insurance indemnifies an Insured whose property is stolen, damaged, or destroyed by a covered peril. The term property insurance includes direct or indirect property losses covered in several lines of insurance.
Covers an insured's property against damage, destruction or loss by a covered peril.
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance or boiler insurance. Property is insured in two main ways - open perils and named perils.