The Property and Casualty Insurance is designed to take care of most of the risks to an individual or a business's property like damage, records, losing money, theft, furniture, trademarks, machinery and as well as supplies. There are some special insurance policies currently available that are designed to cover natural disasters like earthquakes, and floods which may damage and individual's private residence.
A property may be insured for named or multiple dangers. You will need to accurately identify all that you have lost. A key example is when your house is burnt down by fire, you would only be allowed to make a claim under the "named peril property insurance" if you had previously insured your house against fire. The other perils that are commonly covered are theft, explosion and lightning. You should always carefully examine all the risks that are part of your insurance policy. Otherwise, you may end up paying for insurance that would not assist you in the event of maybe your car stolen.
A property may be insured for named or multiple dangers. You will need to accurately identify all that you have lost. A key example is when your house is burnt down by fire, you would only be allowed to make a claim under the "named peril property insurance" if you had previously insured your house against fire. The other perils that are commonly covered are theft, explosion and lightning. You should always carefully examine all the risks that are part of your insurance policy. Otherwise, you may end up paying for insurance that would not assist you in the event of maybe your car stolen.
