Property Insurance, Property Insurance Services, Property Insurance India, Personal Property Insurance

Property Insurance

Property Insurance is a type of Insurance policy that is categorized under General Insurance. Property Insurance as the name suggests covers and compensates for the loss incurred to any property of the insured. The loss incurred because of fire, theft, burglary or natural disaster is covered in the Property Insurance. There are many types of insurance under property insurance, which include:

Fire Insurance

Boiler Insurance

Flood Insurance

Earth quake Insurance

Home Insurance

Under property insurance, the insurer insures the insured in two ways:-

	Open Perils:-
	Open Perils Under this property insurance policy, the loss of property incurred by any cause which is not excluded under the policy is covered or the loss is compensated. The exclusion includes loss of property due to earthquake, flood, terrorism or war and nuclear incidents.

	Named Perils:-
	Named Perils Under this insurance policy of property the loss of property due to fire, explosion, theft, burglary and lightning are covered.

Under property insurance, the insurer insures the insured in two ways:-

Household appliances

Furniture & fixtures

Jewellery

Personal items at your home

A sound home insurance policy often covers the following:

Replace almost all the belongings of the house.

Covers the rebuilding of the house, if it is destroyed by natural calamities.

Property Insurance is a must in today's age where the loss of a property by any natural disaster or mishap is almost covered. It assures the insured to lead a peaceful life and get their hard earned money returned in case of any accident which lead to the loss of property.

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