INSURANCE DETAILS

Insurance

Insurance Explained

Types of Insurance

Cycling Insurance
Contents Insurance
Life Insurance
Motorcycle Insurance
Pet Insurance
Travel Insurance
Van Insurance

Saving Money On...

Car Insurance
Home Insurance

Other

Contact us
Advertising Enquiries
Homepage

Property Insurance


Property insurance is a product that applies specifically to property, and has various different types of specific that are subsets of the general umbrella term 'property insurance'.

Specific insurance products include those that are specific to phenomena such as earthquakes or floods or specific issues such as boiler insurance that deals just with problems with boilers.

Obviously there are lots of different things that could be insured against when it comes to properties, relating to weather conditions, the contents, the bricks and mortar itself, specific threats to the house such as arson, and much more besides.

Therefore there are two main types of insurance, known as open and named perils. As the titles suggest, named peril insurance states that a specific cause must be listed on the insurance for cover to be provided: thus something like fire would need to be named on the policy if you want to claim for a fire on the policy. In contrast on an open peril policy, anything that isn't specifically excluded would be covered by the policy. Therefore things like damage from floods, earthquakes and so on could commonly be listed as an exclusion on such a policy.

It is said that the origin of property insurance was the devastating Great Fire of London in 1666, so it has been around for quite some time!

There are several different types of cover available. One would be replacement coverage, which covers the cost of replacing the property. This is contrasted with something called actual cost value insurance, where depreciation is taken into account. There are also some other types of coverage available. There are many companies that provide property insurance and so it is very important to do a good deal of research to ensure you find a policy that matches your needs and is competitively priced: search comparison sites can be useful in this goal.

Related Articles...

Van Insurance
Most people know about car insurance, but what about van insurance? Clearly if you drive a van then you need to know about van insurance. There are various different types of van insurance which...

Payment Protection Insurance
Until a few years ago, not many people would have heard of Payment Protection Insurance, commonly referred to as PPI. Now it is almost inescapable, with TV adverts and text messages bombarding...

Health Insurance
One of the most common insurance products is health insurance, a broad umbrella category that covers any sort of insurance product that helps an individual mitigate against the expenses that are...

Agricultural Insurance
Agricultural insurance is a niche type of insurance product that is available for those who work in specific areas of agriculture. This type of product could offer piece of mind against various...

Bicycle Insurance
Bicycle insurance, as with all insurance products, gives you a way to deal with the risk of having something happen to your bicycle - depending on the product you choose - and therefore having the...

Home Insurance
Home insurance is one of the most common types of insurance product, and anyone who has a home will be familiar with it. Home insurance is usually contrasted with contents insurance, which is a...

Saving on Home Insurance
Home insurance splits into the bricks and mortar insurance - buildings insurance - and the stuff that you put inside your house such as your valuables - the contents, hence that bit is called the...

Pet Insurance
People love their pets - whether you are a cat lover or a dog lover, or prefer something like a rabbit, a guineapig, snakes, hamsters or indeed any animal that you can think of, then pet insurance...

Contents Insurance
Contents insurance is a type of insurance product that covers the items that you have - the contents - of your home. There are a range of different providers of contents insurance out there on...

Reinsurance
The concept of 'reinsurance' is quite an interesting one. It comes down to the same sort of logic as 'who will guard the guards?' - in this case who will insure the insurers. The answer is, other...