Property Insurance
Capital Ingenuity helps clients understand the complexities of property insurance.

Property Insurance is designed to protect against loss in value from damage and/or theft of property. There are many different kinds of property insurance including, but certainly not limited to, home owner's insurance, condominium insurance, renter's insurance, flood insurance, earthquake insurance, auto insurance, and inland marine insurance.

Property owners wishing to insure their property pay an annual premium to an insurance company to purchase insurance coverage that follows the terms and conditions of a specific insurance policy. Property owners should read their policy terms and conditions very carefully because certain specific risks, also referred to as "perils" in the insurance industry, may be excluded. For example, most home owner's insurance policies specifically state that they do not cover damage caused by floods. A flood insurance policy would be needed to protect against that specific risk.

In addition to annual premiums, insured property owners are also subject to "deductibles" that are established in the insurance contract. A deductible is the amount of out-of-pocket money the insured property owner must pay before the insurance company pays any money to indemnify a loss. A property owner can generally choose a higher or a lower premium. However, property owners typically have to pay a higher annual premium for the benefit of having a lower deductible. Property owners should use strategic analysis selecting the deductible that is best.

The many different kinds of property insurance each have many different options, benefits, costs, and terms. At Capital Ingenuity, we help clients understand the complexities of different kinds of property insurance and help show them strategies used to analyze their insurance needs. Because we do not sell any property insurance, and therefore receive no commissions, clients know that they are getting an unbiased education in the concepts of property insurance.