Insurance coverage is required to cover the loss in case of theft or loss of personal articles and items. Especially, students suffer from such property loss; they have more risk of this kind of loss of personal properties. Often, student lose their personal items such as, books, personal computer, camera, stereos, calculator clothes, furniture, etc due to the vandalism, water, theft, or fire. And in some cases landowner can be sued by the third party in claim of the property, so if the owner has the property insurance then all the expenses that he spent on the legal proceedings can be recovered. 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. They submit some sort of calculation of damages coming from the latest catastrophes within the USA, Puerto Rico, and also the outer Unites States territories. This information is creditable and is used by various governmental organizations and NGO's. Details which these types of property or home insurance businesses supply assist lots of household as well as company managers with their request regarding the policy payments. Property insurance of small business protects the policyholder from the losses or damages caused by the products, which could be injury caused by the product used by a consumer. If you are doctor, realtor, computer consultant or an architect, then property insurance for your small business would be suitable. Policy # 3: The third policy of house property insurance is also sometimes called special house owner policy. This policy covers all types of perils other than those who specifically omitted in the contract. The expense for this type of policy is 10% to 15% more than the first one. Policy # 4: The forth type of house property insurance is basically facilitate the property owners who rented their property which includes 17 different perils. In common words, the residential investment property insurance cover the perils of loss or damage due to the vandalism, accidental loss or damage, storm damage, or fire damage. Moreover, a proprietor can choose the policy coverage for the loss of rent, it means, if a tenant stops paying the rent. Choosing such policy of residential investment property insurance will give double benefit, and eliminate any risk.