Insurance protection for the financial losses that may occur to business' and homeowner's property from such perils as fire, lightning, wind, water, negligence, burglary, and vandalism is called property insurance.

Question

Insurance protection for the financial losses that may occur to business' and homeowner's property from such perils as fire, lightning, wind, water, negligence, burglary, and vandalism is called property insurance.​

Quizplus · Accepted Answer

Property insurance is designed to provide financial reimbursement to the owner or renter of a structure and its contents in case of damage or theft, covering a wide range of perils including fire, lightning, wind, water, negligence, burglary, and vandalism.

Insurance Protection for the Financial Losses That May Occur to Business