The key features of policies provided by these companies of personal property insurance is also included with the list. National Student Services Incorporate (NSSI) Especially for college students NSSI offers great policies of personal property insurance. The policies offered by NSSI cost few pennies a day for the personal property insurance. The people of Florida were in a great trouble at that time because neither the insurance company allows compensating for the losses caused by natural mishaps like Windstorm etc. Basically Florida is situated near to the Pacific Ocean. That's why hurricanes and other natural disasters are common in this area. Selection of property insurance by landowners: In case of natural disasters property insurance becomes the lender of last resort for the landowner because all other options look like end. This is facilitate you and enables you to again step up on your feet by receiving a handsome amount and this is a new life for the landowner to get his property again after such a great loss. Two Categories of Investment Property Insurance Residential and commercial residential investment properties are the two categories of investment property insurance. Residential investment property insurance compensate for the losses or damages of tenements, condo unites, apartments, homes, etc. Whereas, commercial investment property insurance offers cover to the buildings, malls, centers, office unit, etc. However, citizen property insurance has certain limitations with various benefits. There are some types of losses or damages, which is not included in the liable policy coverage of citizen property insurance. As, the citizen property insurance is purely expressed on monetary terms. So, the losses of a closed ones, or the emotional losses are not covered in the policies of citizen property insurance. If your property doesn't meet the requirements of Michigan Basic Property Insurance or the agent finds that your property is not qualified for their policy, a written description as why it happened given to you, including that what measures you have to get in order to be qualified. Policies of Michigan Basic Property Association: The main feature of their policy is that, it is renewable.