Property Insurance
Property insurance provides financial protection for certain types of property and losses, subject to the policy's coverage, limits, deductibles, exclusions, and conditions.
What Is Property Insurance?
Property insurance can help protect property owners, renters, and other policyholders from specified losses involving buildings, belongings, liability, or other covered risks.
Types of Property Insurance
Common forms include homeowners insurance, renters insurance, condo insurance, landlord insurance, flood insurance, and earthquake insurance. Coverage varies by policy and location.
Homeowners Insurance
Homeowners policies commonly address the dwelling, other structures, personal property, liability, and additional living expenses, subject to the policy.
Renters and Condo Insurance
Renters insurance can cover certain personal property and liability risks, while condo insurance is designed around the ownership and insurance responsibilities associated with a condominium.
Flood and Earthquake Insurance
Flood and earthquake losses may have special coverage rules and may require separate policies or endorsements depending on the circumstances and location.
Common Exclusions
Policies commonly contain exclusions and limitations. A policy should be reviewed carefully to understand what is and is not covered.
Frequently Asked Questions
What does property insurance cover?
Coverage depends on the policy and can address specified property damage, belongings, liability, or other covered risks.
Is flood damage covered by homeowners insurance?
Flood coverage is often subject to special rules and may require separate coverage; review the policy and local options.