Property Insurance Market: Safeguarding Assets in an Uncertain World
Property insurance is one of the most crucial segments of the global insurance industry, offering financial protection against risks that can damage or destroy physical assets such as homes, offices, factories, and commercial establishments. With increasing urbanization, rising property values, and the growing frequency of natural disasters, the property insurance market is witnessing significant demand and transformation.
1. Understanding Property Insurance
Property insurance provides coverage against risks such as fire, theft, vandalism, natural disasters (earthquakes, floods, hurricanes), and man-made hazards. Policies can be tailored for:
Residential Properties – homes, apartments, and rental units.
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