Property insurance is a wide term for a series of policies such as homeowners insurance, renters insurance, flood insurance, earthquake insurance, property protection coverage or liability coverage for property owners. Personal property is usually covered by a homeowners or renters policy. 

The common types of property insurance are:

• Replacement cost – covers the cost of repairing or replacing property at the same or equal value. 


• Actual cash value coverage – pays the owner or renter the replacement cost minus depreciation. 


• Extended replacement costs – will pay more than the coverage limit if the costs for construction have gone up; however, this usually won’t exceed 25% of the limit.

Try using our quote tool to compare top providers in your area and see who can offer you the best premium.