Property insurance pays for losses and damages to real or business personal property from a variety of “perils” (occurrences that result in damage or destruction). Insurance can be purchased in a package covering a different combination of causes of loss, or you may purchase components separately depending on your specific needs. While covered perils vary depending on the policy you purchase, generally it provides for repair or replacement caused by:

• Fire – including damage from smoke and water used to put out a fire
• Weather - lightning, windstorms, hailstorms, tornadoes
• Equipment failure – damage from bursting of heating, plumbing or hot water systems
• Explosions
• Collapse of roof or walls
• Damage by vehicles
• Theft or burglary
• Vandalism and malicious mischief