Property insurance addresses property loss exposures. More specifically, it covers accidental losses resulting from damage to or loss of the property of the insured or other property in which the insured has an insurable interest.
Property loss exposures exist because some party depends on property to accomplish certain objectives. The property has usefulness which, in turn, gives the property economic value. Insurance covering a building owner against fire damage to the owner’s building is an example of property insurance.
For further information and/or to request a quote please call 856.482.8300.