Property Insurance Policies
What is Property Insurance Policies?
Property insurance policies provide financial protection against loss or damage to physical property, such as homes, buildings, or personal belongings. These policies cover risks like fire, theft, vandalism, and natural disasters. Depending on the type of policy, it can cover both the structure and its contents. Property insurance is essential for homeowners, businesses, and renters to safeguard their assets.
In addition, some policies may also cover loss of income if a business is unable to operate due to property damage. Premiums and coverage limits vary depending on factors like location, property type, and risk level. Having the right property insurance offers peace of mind and financial security in the event of unexpected damages.
Business interruption coverage can help replace lost income during the recovery period, minimizing the financial impact. At SenseInsur, we ensure your property insurance includes all necessary provisions to safeguard your business and assets.
Our Property Insurance Policies
HomeOwner’s Insurance – This policy is one of the most commonly known types of property insurance policies in India.A homeowner’s property insurance(or) home insurance provides you financial support for repairing the damages incurred to your personal property due to a natural and man–made damages such as fire, theft, earthquake, or burglary.
Renter’s Insurance – This policy provides financial coverage to the policyholder if their belongings in a rented property are damaged due to man–made or natural distracts.
Commercial Property Insurance – Commercial property insurance will only cover commercial properties, i.e., properties used for business purposes.
This policy covers only your property, commercial general liability insurance protects you against third–party liabilities that are caused by your business.
Fire Property Insurance – Fire insurance can help protect the financial protection of property owners, businesses, and other individuals in the losses or damages of a fire. It can cover the cost of repairing, rebuilding, or replacing property that has been damaged by fire.
Public Liablity Property Insurance – Public liability property insurance covers financial coverage against the damages that a third–party incurs on your property. As per the Environment Protection Act of 1986, it is mandatory for business owners.
Condo Insurance – This policy helps in financial protection against damage and loss to the condominium units owned by the condo homeowners. Generally, it does not cover the exterior portion of the building but rather the home’s interior belongings, including walls, floors, and internal equipment such as electronic appliances, furniture, clothes, etc.