Top Factors That Decide the Premium of Property Insurance
Property insurance is a big fall-back option because such insurance policies cover the property from natural and manmade disasters. It is a source of peace of mind for the property owner because disasters and calamities can visit anytime and besides causing risks to life, properties are impacted by such events too.
Natural calamities like floods, earthquakes, tsunamis, storms, and infestation are covered; while for man-made events, factors like terrorism; theft and burglary, fire, and accidents are covered.