Property insurance is a type of insurance that protects against loss or damage to a property, including the physical structure of a building and its contents.
The 4 main types on of a property insurance are: 1- Homeowners Insurance: Homeowners insurance covers damage to the physical structure of a home and its contents. It may also provide liability coverage if someone is injured on the property.
2- Renters Insurance: Renters insurance covers personal property (furniture, clothing, electronics, etc.) and may provide liability coverage if someone is injured while on the rented property.
3- Condo Insurance: Condo insurance covers the interior of a condominium unit and its contents. It may also provide liability coverage.
4- Commercial Property Insurance: Commercial property insurance covers businesses and commercial property, including buildings, equipment, and inventory.
When purchasing property insurance, it's important to consider factors such as the coverage offered, the cost of the policy, the reputation of the insurance provider, and any additional coverage options or discounts that may be available.