Property
There are various types of property insurance to satisfy all individual and commercial needs. While each type serves a different purpose, there are certain basic benefits which are common to all types. These basic benefits are:
Basic Benefits in Property Insurance
The basic form of a Property Insurance policy is coverage against:
- Fire, lightning and some forms of explosion.
- Additional coverage or perils may be included at an additional cost for:
- Natural perils
- Flood
- Hurricane
- Tornado and windstorm
- Earthquake and volcanic eruptions
- Special perils
- Riots and strikes
- War damage
- Chemical perils
- Explosions
- Spontaneous combustion and subterranean fire
- Miscellaneous perils
- Impact damage
- Burst pipes
- Bush fire
- Smoke damage
- Plate glass
Types of Coverage
