Property Insurance
What is 'Property Insurance'
Property insurance is a policy that provides financial reimbursement to the owner or renter of a structure and its contents in the event of damage or theft. Property insurance can include homeowners insurance, renters insurance, flood insurance and earthquake insurance.
When it comes to insurance for your physical property, you want to make sure to get a policy written on an all-risk basis rather than on a named-peril basis. While the latter only covers the specific perils named in the policy, an all-risk policy will cover you for virtually anything (except for a few specific enumerated exclusions). The all-risk policy will allow you to:
- Eliminate duplication and overlap;
- Avoid gaps in trying to cover your liabilities through a number of specialized policies;
- Encourage quicker settlements by working with one agent and one attorney;
- Reduce the expense of having many different policies.
If your local or regional location is inclined toward a specific calamity, you may consider additional insurance or pay an additional premium to insure against fire, flood, earthquake, nuclear risks (if you're near a nuclear plant), hail, windstorm, vandalism, or crime.
Let GEICO help protect where you live and what you own with our different types of property insurance. Get a property insurance quote for your home, apartment, and more.
1 Komentar untuk "Property Insurance"
Thanks for sharing useful information
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