<![CDATA[Yvette Chavez's Blog]]><![CDATA[Property insurance]]>Property insuranceÂ provides protection against most risks toÂ property, such as fire, theft and some weather damage. This includes specialized forms ofÂ insuranceÂ such as fire insurance,Â flood insurance,Â earthquake insurance,Â home insurance, orboiler insurance. Property isÂ insuredÂ in two main waysâ€”open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting fromearthquakes,Â floods,Â nuclear incidents, acts ofÂ terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire,lightning, explosion, and theft.]]>