Global Property Insurance Market Size to Grow at a CAGR of 5.6% over 2016-2020: Personal and Commercial
A property insurance policy covers any loss or damage to personal or commercial property. It also insures against loss or damage to the contents that are kept on the property and are under the control of the customers. However, if the property is given on rent or lease, the owner is expected to take appropriate insurance by the terms of the lease or contract. The more kind of loss the policy covers, the higher the premium.
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