Property insurance can be like a jigsaw puzzle with multiple components:

• Territory or area(s) covered.
• Terms and conditions, which establish the rights and obligations of the insurance company and the insured.
• Limits, which establish how much a policy will pay.

Our “Risk Management 101: Property Insurance Fundamentals” podcast explores the basic types of property insurance policies: all risk policies and named perils coverage, and explores:

• The difference between limits and sublimits.
• Deductibles and valuations.
• Perils insured or losses that the policy covers.

We also discuss how coverage applies and common exclusions.

_{About Marsh’s Risk Management and Insurance Podcast}

_{Marsh’s Risk Management and Insurance Podcast series offers insight into the intricacies of the three major lines of commercial insurance coverage. The series features two content tracks on best practices in property, casualty, and financial and professional liability insurance: RM 101 and the more advanced RM 201*. This educational offering is designed to help risk professionals and individuals with risk management and insurance responsibilities gain a fundamental understanding of the major commercial insurance lines and related risk management strategies.}

_{*RM 201 episodes to be released in 2017.}

Read the Transcript.

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