Property

Property

Protection against loss and damage to buildings, home contents, or business assets due to risks such as fire, theft, natural disasters (floods, earthquakes), and others. Types can include fire insurance, all-risk insurance that protects against various risks (except those excluded), and separate insurance for buildings (such as homeowners insurance) and contents (such as renters/contents insurance).

Types of Property Insurance:

• Fire Insurance: Basic protection against the risks of fire, explosion, lightning strikes, and aircraft crashes.
• Property All Risks (PAR): Comprehensive protection for non-industrial buildings (homes, offices, schools) against various risks (other than those excluded), including natural disasters, riots, and theft.
• Industrial All Risks (IAR): Protection for industrial buildings such as factories, warehouses, and shopping centers.
• Movable Property All Risks (MPAR): Protection for movable property located on the insured's premises.