Property Insurance Definition: Property insurance provides several options for homeowners, from life insurance protection in the event of their death to liability coverage and property protection.
These property insurance policies provide reimbursement to the homeowner, and in some cases, the renter in the event a specific event occurs, such as damage to the home or property, an incident such as an injury, and other specific situations. The benefits of each property insurance type are covered in detail within each policy, and it is common for a homeowner to purchase more than one policy for various coverage.
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