What Does Property Mean?

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What does Property mean? Read on to discover the definition & meaning of the term Property - to help you better understand the language used in insurance policies.

Property

Property

Property can be defined as one or more components of a person's estate that can either be owned by a single person, a group of people, or a legal entity like a corporation. Property is divided into real property and personal property. Property can be insured against damage by purchasing a property insurance policy.

We hope the you have a better understanding of the meaning of Property.

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