Mandy96
Valued Contributor
I presume we all know what insurance means and its functions. I will sharing some ideas I know about property insurance.
What is property insurance?
Property Insurance is like an umbrella that gives protection against risks that might befall the insured property. In this property insurance, there are sets of insurance policy for it because there are some insurance plans under property insurance. It depends on the kind of insurance you subscribe to under property insurance. I mean the insurance plan you subscribe to, under property insurance will determine the what the insurance will cover because it is based on the policy. You could subscribe to flood insurance plan, fire insurance plan and many more. For example if you subscribe to fire insurance plan under property insurance, it means the insurance company will compensate you if your property gets destroyed by fire or fire related disaster.
What is property insurance?
Property Insurance is like an umbrella that gives protection against risks that might befall the insured property. In this property insurance, there are sets of insurance policy for it because there are some insurance plans under property insurance. It depends on the kind of insurance you subscribe to under property insurance. I mean the insurance plan you subscribe to, under property insurance will determine the what the insurance will cover because it is based on the policy. You could subscribe to flood insurance plan, fire insurance plan and many more. For example if you subscribe to fire insurance plan under property insurance, it means the insurance company will compensate you if your property gets destroyed by fire or fire related disaster.