All risks coverage is property insurance covering loss arising from any fortuitous cause except...
property insurance
Property insurance is first-party insurance that indemnifies the owner or user of property for its loss, or the loss of its income-producing ability, when the loss or damage is caused by a covered peril, such as fire or explosion.
Additional Information
In this sense, property insurance encompasses inland marine, boiler and machinery, and crime insurance, as well as what was once known as fire insurance, now simply called property insurance: insurance on buildings and their contents.
Related Terms
The building and personal property coverage form is the key Insurance Services Office, Inc. (ISO),...
Business income coverage (BIC) is commercial property insurance covering loss of income suffered by...
Causes of loss forms are Insurance Services Office, Inc. (ISO), commercial property insurance forms...
Commercial property (CP) coverage forms are Insurance Services Office, Inc. (ISO), CP insurance...
A commercial property policy is an insurance policy for businesses and other organizations that...
Difference-in-conditions (DIC) insurance is a policy that provides additional limits of coverage...
Direct damage coverage is property insurance that pays the value of property, or the cost to repair...
Earthquake coverage is typically excluded (along with other earth movement) from most property...
Equipment breakdown insurance is coverage for loss due to mechanical or electrical breakdown of...
First-party insurance is insurance that applies to the insured's own property or person.
Flood coverage is insurance for damage to property caused by a flood.
Inland marine coverage is property insurance for property in transit over land, other moveable...
Named perils coverage is a property insurance term referring to policies that provide coverage only...
Time element insurance is a property insurance term referring to coverage for loss resulting from...
