what is coneventional property insurance ???

Question

i need to do a project about conventional property insurance... can u help me to make an outline for the project :(

Answer 1

I'm not doing your homework for you.

Conventional - normal. Property - something tangible, that you can buy or sell.

Go visit your local agent, and ask for some sample property forms, and read them. That will help you a lot.

Answer 2

There are many types of property insurance.

The first policy was the Standard Fire Policy. It did not cover much - mainly just fire. However, out of that policy grew all the different forms that are available today. (Dwelling policies, fire policies, homeowners policies, condo owners policies, renters policies). There are also a lot of commercial property policies for commercial buildings.

I'm not sure what you mean by Conventional Property insurance. Of the different types of property and homeowners insurance, I guess that standard or most common one would be the HO3 form.

You may want to see if your insurance agent or your parents insurance agent would be willing to give you copies of the policies in your state.

If you have to go back to the history of insurance do a search for the Standard Fire Policy.