answersLogoWhite
Insurance
Commercial Insurance

What is the definition of property insurance?


Top Answer
User Avatar
Wiki User
2007-09-07 11:04:35
2007-09-07 11:04:35

It really depends on the context. It could be referring to the property that is insured, or if you are referring to property damage insurance (coverage actually) that is coverage for the damage you cause to the property of others. If you could explain in what context I could be of more assistance possibly.

Related Questions

User Avatar

Comprehensive Liability Insurance means protection against claims of property damage or personal injury when filming on public property. This is a very accurate definition.

User Avatar

the intentional and malicious destruction of or damage to the property of another.

User Avatar

Property of course is just that insurance for a particular property, the definition of casualty is '' Insurance coverage for loss or liability arising from a sudden, unexpected event such as an accident" so the term property and casualty insurance is losely used to describe, policys that contain coverage for a specific property and liablity protection. Most people would say, auto, home, boat, motorcycle insurance would be among these.

User Avatar

Commercial property cannot be covered by homeowner's insurance. Commercial property insurance must be purchased for that category of property.

User Avatar

Property insurance - If your property is damaged the insurance will pay for this to be repaired. Life insurance - If you die then your estate (or the named beneficiary) gets a payout to the value of the insurance.


Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.