About Property Insurance

Property insurance protects an area, and all the assets within it, against physical damage or theft. Let's say a fire caused by faulty electrical wiring razes your warehouse to the ground, or a burglar breaks into your home while you're on vacation. Your policy can help absorb the cost of repair or replacement, or in the case of business properties, the potential revenue lost as operations come to a standstill.

This insurance policy can cover two types of property: commercial (buildings used for business operations, such as factories or offices) and residential (your house, apartment, or condo). There are also hybrid policies for those who rent out their home, or run their business from home.

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