Property Insurance

Property Insurance is protection from financial loss on your property

• True

• False

property attached to land, such as a house, business, garage, or other buildings

• Real Property

• Personal Property

possessions that can be moved such as furniture, jewelry, and electronics

• Real Property

• Personal Property

covers any loss or damage to personal items while renting a place of residence.

• Renters Insurance

• Standard Fire Policy

• Extended Coverage

• Liability Protection Insurance

insures against damage due to fire or lightning

• Renters Insurance

• Standard Fire Policy

• Extended Coverage

• Liability Protection Insurance

protects against damage from riots, car or airplane crashes, windstorms, hail, explosions, theft, and vandalism.

• Renters Insurance

• Standard Fire Policy

• Extended Coverage

• Liability Protection Insurance

Protects you against accidents in your home

• Renters Insurance

• Standard Fire Policy

• Extended Coverage

• Liability Protection Insurance

Liability Protection Insurance pays for (select all that apply)

• actual damages ex: medical

• legal fees

• a hotel when your home is damaged

• fire damage

Additional Living Expenses Insurance

• Pays for cost of renting another place

• May be limited to 6 months to a year

• May only cover a percentage of damages

• All of the above

It's important to have both property and liability insurance when operating a business.

• True

• False