Property Insurance may insure your building from the following types of damage:
Fire and Lightning
Collisions from Vehicles or Aircraft
Freezing Conditions or Snow
Other items that may be included are Builder’s Risk while your building is being built or reconstructed, and insurance for damage to pertinent/detached structures.
Another important feature to consider in your policy is Dwelling Replacement Coverage. If a fire or other accident leaves your home a “total loss,” this coverage provides for the cost of replacing your home at its current value, rebuilding to code, and Ordinance & Law.