Property

Main article: Property insurance
This tornado damage to an Illinois home would be considered an "Act of God" for

insurance purposes

Property insurance provides protection against risks to property, such as fire, theft or

weather damage. This includes specialized forms of insurance such as fire insurance,

flood insurance, earthquake insurance, home insurance, inland marine insurance or

boiler insurance.

* Automobile insurance, known in the UK as motor insurance, is probably the most

common form of insurance and may cover both legal liability claims against the driver

and loss of or damage to the insured's vehicle itself. Throughout the United States an

auto insurance policy is required to legally operate a motor vehicle on public roads. In

some jurisdictions, bodily injury compensation for automobile accident victims has

been changed to a no-fault system, which reduces or eliminates the ability to sue for

compensation but provides automatic eligibility for benefits. Credit card companies

insure against damage on rented cars.
o Driving School Insurance insurance provides cover for any authorized driver

whilst undergoing tuition, cover also unlike other motor policies provides cover for

instructor liability where both the pupil and driving instructor are equally liable in the

event of a claim.
* Aviation insurance insures against hull, spares, deductibles, hull wear and liability

risks.
* Boiler insurance (also known as boiler and machinery insurance or equipment

breakdown insurance) insures against accidental physical damage to equipment or

machinery.
* Builder's risk insurance insures against the risk of physical loss or damage to

property during construction. Builder's risk insurance is typically written on an "all risk"

basis covering damage due to any cause (including the negligence of the insured) not

otherwise expressly excluded.
* Crop insurance "Farmers use crop insurance to reduce or manage various risks

associated with growing crops. Such risks include crop loss or damage caused by

weather, hail, drought, frost damage, insects, or disease, for instance."[12]
* Earthquake insurance is a form of property insurance that pays the policyholder in

the event of an earthquake that causes damage to the property. Most ordinary

homeowners insurance policies do not cover earthquake damage. Most earthquake

insurance policies feature a high deductible. Rates depend on location and the

probability of an earthquake, as well as the construction of the home.
* A fidelity bond is a form of casualty insurance that covers policyholders for losses

that they incur as a result of fraudulent acts by specified individuals. It usually insures a

business for losses caused by the dishonest acts of its employees.
* Flood insurance protects against property loss due to flooding. Many insurers in the

U.S. do not provide flood insurance in some portions of the country. In response to

this, the federal government created the National Flood Insurance Program which

serves as the insurer of last resort.
* Home insurance or homeowners' insurance: See "Property insurance".
* Landlord insurance is specifically designed for people who own properties which

they rent out. Most house insurance cover in the U.K will not be valid if the property is

rented out therefore landlords must take out this specialist form of home insurance.
* Marine insurance and marine cargo insurance cover the loss or damage of ships at

sea or on inland waterways, and of the cargo that may be on them. When the owner of

the cargo and the carrier are separate corporations, marine cargo insurance typically

compensates the owner of cargo for losses sustained from fire, shipwreck, etc., but

excludes losses that can be recovered from the carrier or the carrier's insurance. Many

marine insurance underwriters will include "time element" coverage in such policies,

which extends the indemnity to cover loss of profit and other business expenses

attributable to the delay caused by a covered loss.
* Surety bond insurance is a three party insurance guaranteeing the performance of

the principal.
* Terrorism insurance provides protection against any loss or damage caused by

terrorist activities.
* Volcano insurance is an insurance that covers volcano damage in Hawaii.
* Windstorm insurance is an insurance covering the damage that can be caused by

hurricanes and tropical cyclones.