Property Insurance

Insurance of property means insurance of buildings, machinery, STOCKS etc against Fire and Allied Perils, Burglary Risks and so on. Goods in transit via Sea, Air, Railways, Roads and Courier can be insured under Marine Cargo Insurance. Hulls of ship and boats can be insured under Marine Hull Insurance. Further, there are specialized policies available such as Aviation Insurance Policy for insurance of planes and helicopters. Thus Property Insurance is a very vast category of General Insurance and the type of cover that you need depends upon the type of property you are seeking to cover.

In case of theft or natural disaster, you will also want to protect the personal property contained within the house. To this end, personal property coverage should also be considered seriously. Most standard lender insurance requirements do not include personal property, yet personal property often makes up much of the value in your home. When purchasing personal property policies, you should take a personal inventory of all of your personal property and keep a copy of the list in a safe place outside of the home

If you have valuable works of art or jewelry in your home, there are also policies above and beyond average personal property coverage. There are also additional policies that cover natural disasters, such as tornados, floods, earthquakes, etc., which should be considered for those living in areas prone to such events.

Why you should buy Property Insurance:

Property Insurance is needed :

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.