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property insurance

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
property insurance
Insurance on the work at the site against loss or damage caused by perils of fire, lightning, extended coverage (wind, hail, explosion, except steam boiler explosion, riot, civil commotion, aircraft, land vehicles, and smoke), vandalism and malicious mischief, and additional perils (as otherwise provided or requested). Also See special hazards insurance.


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Jolted by the news that State Farm was pulling out of the Florida property insurance market, some state lawmakers are reversing themselves dramatically on how to fix the state's fragile property insurance market.
Of the total premium income, property insurance accounted for 29.
The commercial property insurance marketplace was extremely competitive in 2008, thanks to favorable underwriting and investment results recorded by insurers in the two prior years," said NMHC.
 
 
 
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