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Property Insurance Coverage

Learn what property insurance typically covers.


Property insurance is the oldest type of insurance. In modern usage, property insurance is an umbrella term for first-party insurance that protects against a loss to the policyholder’s interest in specific property.

I. The Structure of Property-Insurance Policies

An insurance policy may provide only property-insurance coverage. For example, commercial-property insurance covers only losses to a business’s property. Alternatively, a policy may include both property and liability coverage. For...