Property insurance is a type of coverage that protects individuals and businesses from financial losses related to their physical assets. This can include homes, buildings, and personal belongings. If these properties are damaged or destroyed due to events like fire, theft, or natural disasters, property insurance helps cover the costs of repairs or replacements. There are different types of property insurance policies, such as homeowners insurance and commercial property insurance. Each policy has specific terms and conditions, including coverage limits and deductibles. Understanding these details is essential for ensuring adequate protection against potential risks.