Different Types Of Property Insurance

Property insurance is a kind of insurance which provides the coverage for structures or building structures and their contents. The property insurance coverage is often malleable and is depends upon the customers requirements.

Any person can secure property insurance by entering into a written contract with the insurance company called policy which legally binds you as a policy holder with the insurance company.

The policy holder of property insurance pays a set amount as premium to the insurance company and in exchange company agrees to pay for some losses or damages.

Some of the property insurance types are:

Most of the property insurance types of categorized as per the requirements of policy holders.

For example, a landlord will have varying requirements of property insurance as a house owner. A landlord actually owns a rental property and such property