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Home Categories Home Insurance Fire insurance is property insurance that provides additional coverage in the event of loss or damage to a building damaged or destroyed by fire. Hazard insurance protects the property owner from damage caused by fires, severe hurricanes and other natural disasters. Strictly speaking, there is no insurance against a hurricane. Jewelry floats are a type of additional insurance designed to protect valuable jewelry. Personal property includes items that people own, such as furniture, appliances, or electronics. In short, these objects differ from immovable property in that they are movable. Property insurance refers to a series of policies that offer either property protection or liability coverage. An umbrella insurance policy is a type of personal liability coverage that goes beyond the amount that regular home or car insurance offers. In the housing market, uninsured property is property that the FHA refuses to insure. Mortgage Advance Insurance (UFMI) is an additional 1.75% insurance premium charged on FHA loans. A valuation clause is the wording of an insurance policy that specifies a fixed amount that the policyholder can receive in the event of a claim.