Property Insurance

What is Property Insurance?

Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance.

Property is insured in two main ways—open perils and named perils.

Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war.

Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, and theft.

Typical Events Covered by Property Insurance

Fire
Lightning
Explosion, implosion
Aircraft damage
Riot, strike
Terrorism
Storm,including hailstorm, cyclone, typhoon, tempest, hurricane, tornado, flood & inundation.

Impact damage
Malicious damage
Subsidence, landslide
Bursting or overflowing of tanks
Missile testing operations
Bush fire
Theft
Falling objects

(570) 344-5150
2121 Shoppes Blvd.
Moosic, PA 18507
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