Perils covered by property insurance typically include damage caused by fire, smoke, wind, hail, the impact of snow and ice, lightning, and other weather-related afflictions.
Vandalism and theft are also covered by property insurance, as are the structure and its contents.
Property protection additionally gives risk inclusion on the off chance that somebody other than the land owner or leaseholder is harmed while on the property and chooses to sue.
If there is an outstanding mortgage loan on the property, the majority of mortgage lenders require homeowners to have property insurance.
Damage caused by tsunamis, floods, backups in drains and sewers, seeping groundwater, standing water, and a number of other water sources is typically not covered by property insurance policies.
Typically, mold and earthquake damage are not covered.
Additionally, the majority of policies will not cover extreme circumstances like terrorism, nuclear incidents, or acts of war.
