Property Insurance 101 A
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Property insurance protects a wide range of matters. It includes a business’s physical structure, the building and everything in it like money and securities, records of accounts receivables, inventory, machinery, furniture, supplies as well as intangible assets like trademarks when theft, loss or destruction happens. Other insurance companies sell property insurance by named peril like fire or theft. There are also policies that cover several perils like fire and theft but nowadays, business owners can also buy extra coverage if they think they need it like snow, ice or sleet damage. Some even buy an earthquake insurance plan when they think their place of business could be hit by an earthquake.