Damage to property

Policies covering damage to property are usually differentiated by the type of asset or type of damage. They can cover an asset against any damage, against specific damage, or a combination of the two. An asset can be insured against direct damage (the fire of a car) and consequential damage (the inability to work as a result of the car's destruction).

Damage covered generally includes that caused by fire, weather, theft and, more recently, electronic damage to machinery and software.