Property insurance coverages are used to protect many different forms of real and personal property.

In the property insurance field, real property includes buildings and structures but not the land on which they are located. Land, which may be part of the purchase price of real property, is not subject to loss or destruction in the same way that buildings are.

Personal property includes all forms of property other than real property. On Commercial Property policies, personal property means business property such as merchandise, office furniture and supplies.