What is Property Insurance?

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. 

Property is insured in two main ways—open perils and named perils.

Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. 

Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, and theft.

Typical Events Covered by Property Insurance

• Fire
  
• Lightning
• Explosion, implosion
• Aircraft damage
• Riot, strike
• Terrorism
• Storm,including hailstorm, cyclone, typhoon, tempest, hurricane, tornado, flood & inundation.

• Impact damage
• Malicious damage
• Subsidence, landslide
• Bursting or overflowing of tanks
• Missile testing operations
• Bush fire
• Theft
• Falling objects

Contact us to learn more about the right property insurance for you.

Contact Us About Property Insurance:

(281) 232-5207
2600 S Loop West Suite 475H
Houston, TX 77054
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