Property insurance is a type of insurance that provides coverage for losses or damage to physical property, such as homes, buildings, and personal possessions.

Property insurance can cover a range of perils, including fire, theft, vandalism, natural disasters, and liability for injuries that occur on the insured property.

Yes, renters can benefit from renter's insurance, which covers personal belongings and liability, even though it doesn't typically cover the structure itself.

The cost of property insurance, also known as the premium, depends on factors like the property's value, location, the coverage you choose, your deductible, and your claims history.

A deductible is the amount you must pay out of pocket before your insurance policy kicks in to cover a claim. Higher deductibles typically result in lower premiums.

Replacement cost coverage will reimburse you for the cost to replace or repair damaged property at today's prices, while actual cash value factors in depreciation.