People all over the world want to protect their property , but not even the best security

system can't protect your house, for example if it comes for earthquake, fire or other disasters, That's why millions of people prefer to purchase a property insurance to feel confident that it is something happens to their property or their business they will be paid enough money by a property insurance company to compensate their damages. Property insurance industry is one of the most quickly developing industries in the world today. Purchasing home property insurance,commercial property insurance, property liability insurance or any other type of property insurance you get an opportunity to protect most of existing kind of property.

The contents within the property are also covered by property insurance. Property insurance includes many forms of insurance, including:
Fire Insurance Flood Insurance Earth ua!e Insurance "oiler Insurance #ome Insurance

Property insurance covers loss in the event that damage, in$ury, or death occurs and the person who owns the property that caused or was involved in the event is liable for the cost of the loss. Today this type of insurance is usually bundled with liability, or casualty, coverage, which insures the loss incurred by a third party that is caused by the property or property owner. Property insurance can also be purchased to cover specific or e%pensive items, such as $ewelry, electronic e uipment, or anti ues.

&ther types of property and casualty insurance include business interruption insurance and e%tra e%pense insurance. People who own or operate businesses with staff and own or rent business property can purchase any number of property and casualty insurance policies to limit any and all ris!s to the business and the property.

'elebrities, musicians, and well(paid athletes often purchase special property insurance to insure their bodies or the parts of their bodies that generate their incomes. These are very speciali)ed policies and sold by only a few carriers. *n early e%ample of this type of speciali)ed property insurance policy was during +orld +ar II when "etty ,rable famously insured her legs against damage or disfigurement. * separate property insurance policy insures, separately, only the items and-or perils listed in the policy, such as homeowners. insurance covering only a home and automobile insurance listing specific autos. *nother e%ample is a flood insurance policy, which insures a property only in the event of loss incurred due to a flood and not for any other type of damage. /eparate property insurance can also be written for fire, wind, theft, or personal property 0present in the building or owned by the policyholder, such as $ewelry or computers1.

Range/Categories of Risks
'lassifications, or categories, of property insurance ris! are assessed by carriers using a number of actuarial details to accurately assess the premiums needed by each category of policies that will be pooled to cover the pro$ected losses. 2ifferent types of property insurance policies have different ranges, or details, to determine the ris! categories. *n e%ample is the classification of drivers that automobile insurers use when uoting or selling a policy. 2rivers with bad driving records are assessed as being at 3high ris!4 of having an accident. 2rivers with no moving violations or speeding tic!ets are considered a 3good ris!4 and typically en$oy a lower premium for a similar auto policy with li!e coverages. /imilarly, a policy for a fast, small sports car will probably cost more than a policy for a 5(door family sedan 0assuming the drivers are the same age with comparable driving records1 because sports cars are typically involved in more accidents than sedans. * warehouse in good repair and with wor!ing alarm systems will be considered a lower ris!, and less costly to insure, than a building of li!e si)e and construction that is in disrepair and has no security. * home in an area prone to severe

windstorms or earth ua!es is in a higher, and more costly, ris! category than a home in an area that never e%periences windstorms or earth ua!es. * business owner with a good credit history is a lower ris! to insure than a proprietor who has declared ban!ruptcy in the past or who has a business with outstanding debts or a substandard credit rating. 'arriers spend a great deal of time and effort collecting data and assessing the correct ris! categories and ranges in order to !eep their policies affordable and the company financially stable while continuing to insure property and paying claims as re uired by their policies. #igher(ris! policies will always re uire more money to be added into the pooled assets of the group than policies of lower ris!. * purchaser who is considered a low ris! for claim, and who is insuring an item or business also at a low ris!, will be able to purchase higher limits of coverage or more optional coverages for the same premium amount as a purchaser of a similar policy who is at a higher ris! for claim or insuring a higher(ris! item.

* uote for property insurance is a 3guesstimate4 of the cost to insure a property 0business or item1, with a summary of the benefits, limits, and details of the policy. It is not a contract for insurance, and uotes are not guaranteed to be the same as the actual policy or premium until all underwriting that the agent and carrier deem necessary on both the item and purchaser is completed. To obtain a uote, the agent will need to !now the location and description of the item or business to be insured, the age of the item, the type of construction or model, and a general scope of the policy 0i.e., both collision and liability for an auto6 or fire, theft, and windstorm damage coverage for a building1. The agent may as! any number of other uestions relating to the insurability and-or ris! of the purchaser and the item, to accurately assess the premium and offer you the best policy for your item and your budget. The uote is the start of a contractual relationship between the purchaser and the carrier, with the agent as the facilitator, or salesperson.