Property Insurance
/ˈprɒpərti ɪnˈʃʊərəns/
Definitions
- (n.) A type of insurance that provides protection against risks to property, such as fire, theft, or natural disasters.
The homeowner purchased property insurance to cover potential losses from fire damage.
- (n.) Insurance covering physical assets owned by individuals or businesses, including buildings and contents.
The company secured property insurance to protect its warehouses and equipment.
Forms
- property insurance
Related terms
See also
Commentary
Property insurance terms are often defined precisely in policies to specify covered perils and exclusions, ensuring clear risk allocation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.