Property insurance

A formThis is an insurance policy, or the riders and endorsements attached to it. of insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." that protects real propertyThe type of property ascribed to real estate investments, such as houses, land, buildings, retail stores, malls, etc. against certain risks, such as from fires or storms; often calledAnother term for exercised when an option is a call. In the case of an option on a physical, the writer fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage. and hazard insuranceSame or similar to "property insurance." See also "property insurance.". May include flood insuranceInsurance that protects homeowners against losses from a flood; if a home is located in a flood plain,. Does not include mortgage insuranceMoney paid to insure the lender against loss due to foreclosure or loan default. Mortgage insurance or mortgage life insuranceA type of term life insurance often bought by mortgagors. The amount of coverage decreases as the principal.

Property Insurance

Insurance providing financial protection against the lossThe occurrence of the event for which insurance pays. of, or damage to, real and personal propertyProperty that is not real is personal. Identifiable portable and tangible objects, e.g., furnishings, caused by such perilsFor homeowner's insurance, an event that can damage the property. Homeowner's insurance may cover the as fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage., theftThe taking or removing of property with intent to deprive the rightful owner. It includes such crimes, windstorm, hail, explosionA violent expansion, with force and noise, generally due to rapid chemical change; term covered under, riot, aircraft, motor vehicles, vandalism, malicious mischief, riot and civil commotion, and smoke. Available on Special and All-riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person forms, depending on the propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. being insuredThe policyholder - the person(s) protected in case of a loss or claim..