Property insurance provides protection against most risks to property, such as fire, impact by aircraft, earthquake, storm, tempest, flood, tsunami, impact by road vehicles, riot ,malicious damage and theft.

Property is insured in two main ways - "All Risks" and named perils. "All Risks" is not really all risks ! Cover is provided for all the causes of loss not specifically excluded in the policy. Common exclusions on "All Risks" policies in include damage resulting from nuclear incidents , acts of terrorism and war. Named perils require the actual case of loss to be listed in the policy for insurance to be provided.