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From The Glossary »

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Property Insurance:

A contract which, in consideration of the payment of an annual premium, indemnifies the policy owner for loss by fire, storm, wind and water, impact by aircraft, impact by road vehicles and cattle, earthquake, earth-tremor and subsidence and landslide. Property fire losses of a private or domestic nature are covered by houseowners’ and householders’ policies. Loss of profits insurance are also generally included with property insurance business ...
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