Everything about property insurance and its importance in 5 points

Everything about property insurance and its importance in 5 points
Everything about property insurance and its importance in 5 points
 Property insurance is one of the most important types of insurance that helps protect the property of individuals from the risks expected to occur, whether fire or theft, etc. .. This is the most important information about it ..


What property insurance?

 It is the insurance in which the property is the subject of insurance, the most important of which is "insurance from the risk of fire, insurance from the dangers of maritime transport (drowning, fire, collision, damage), and insurance from aviation hazards (damage or loss of the plane), insurance from automobile hazards (collision, Fire, damage), theft insurance


What types of property insurance?

Property insurance is divided into fire insurance, engineering insurance, car insurance, marine insurance, energy insurance, home insurance and aviation insurance



What does property insurance include?

Insurance includes the property in particular and is limited to fire or theft insurance only. The insurance company monitors the list of lost and cause damage, but it does not include insurance against floods or against damage caused by terrorism or war.


How is property insurance paid?

 The maximum value of the insurance coverage is determined on the basis of the value of the insured housing and the value of its contents according to the estimates, in addition to the benefit of liability towards third parties and servants and the value of additional expenses to find alternative housing in the event of damage to the insured housing. Compensation is made on the basis of repair, replacement, or monetary compensation.


How important is property insurance?

The importance of property insurance is due to protection from the expected risks to the property and the valuable tools it contains