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Property Protection
Explanation:
Insurance policies typically offer two different types of coverage, that which protects the insured party in the event a lawsuit is brought against them for things like accidental injury (liability coverage) and that which provides for reimbursement for damage to physical property (property coverage).
It is important that homeowners and renters properly insure their personal property by taking an inventory of what they own and estimating its total value. Insurance companies generally offer different levels of coverage for personal property and may even differentiate between moveable property like clothes and electronics and special property categories like jewelry and money.