Insurance coverage that protects real and personal property from catastrophic losses caused by a variety of perils, such as fire, theft, vandalism, and windstorm is referred as:
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A. B. C. D.B
The correct answer to this question is A. Property insurance.
Property insurance is a type of insurance coverage that provides protection to property owners from a range of potential losses, including losses caused by fire, theft, vandalism, and windstorm. This type of insurance can apply to both real property (such as buildings and land) and personal property (such as household goods, electronics, and furniture).
In exchange for paying a premium (a regular fee), the property owner receives a contract that outlines the terms of the insurance coverage. This contract typically specifies the amount of coverage, any exclusions or limitations, and the conditions under which the insurance company will pay out a claim in the event of a covered loss.
It's worth noting that property insurance policies may differ based on the type of property being insured and the specific risks associated with that property. For example, a homeowner's insurance policy may provide coverage for losses related to fire, theft, and liability, while a commercial property insurance policy may also cover losses related to business interruption or equipment breakdown.
In summary, property insurance is an important type of insurance coverage that helps property owners protect their real and personal property from a range of potential losses.