Disaster Insurance vs. Property Insurance: What’s the Difference?
The basic difference between disaster insurance and property insurance is that disaster insurance is more specialized and covers your losses against immediate occurrences that have disrupted your business, while property insurance covers your property against any number of common property risks, including theft or damage from accidents.
That having been said, the trend of hybridizing everything from mutual funds to cars has also affected the insurance industry. There are now various packages that cover property from a wide range of threats and allow you to buy additional coverage for specific concerns such as flooding. Read More
