Property Insurance
Property insurance is a category of insurance that protects against financial loss from damage to, or loss of, insured property caused by covered events. It includes both personal and commercial property insurance. Common types of property insurance include:
- Homeowners insurance
- Renters insurance
- Condominium (condo) insurance
- Landlord insurance
- Commercial property insurance
- Builder’s risk insurance
- Flood and earthquake insurance (where available)
Some commercial property policies also include time-element coverages, such as business interruption, extra expense, and rental value insurance.