Property Insurance

Insurance that indemnifies a person with an interest in physical property for its loss or the loss of its income producing abilities. This definition encompasses all lines of insurance written by Property and Inland Marine insurers and can also include certain kinds of insurance written by Casualty insurers, e.g., Burglary and Plate Glass coverages

See Also: Gross Earnings; Household Personal Property; Increased Hazard; Period of Restoration;

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