In such cases, the citizen property insurance will pay for the repair. In the same way, citizen property insurance ensures the monetary compensation to replace the damaged car with the new one, if the repairs are not enough. These insurance policies also provide liable cover on the cost of renovation and reconstruction of a building, which has been damaged due to earthquake or fire. The Louisiana Joint Reinsurance Plan, which is also known as Beach Plan provided liable coverage of insurance to Zone 5 house owners. Zone 5 is an area of Louisiana State, which have higher risk of hurricane. However, the Louisiana Joint Reinsurance Plan or FAIR Plan offers insurance coverage to the rest part of the area of Louisiana State. Florida Corporation also facilitates those house owners who were not capable to take advantage from other insurance companies. Both of the companies who joined hands to facilitate the population of Florida were state running insurance companies. We are not going to discuss both of them in detail. But we look on the conditions, when there is no name of Florida insurance Corporation means before its establishment. Generally, the policies of commercial property insurance have three categories. The basic form policy is the first category in commercial property insurance. Basic form policies of commercial property insurance covers the common risks occurred by civil commotion, aircraft, vehicles, windstorm, lightning, and fire. Not only that, other losses incurred by natural disasters like storms, fire, flood etc could easily be recovered by this type of property insurance. How this property insurance facilitate the land owners? Different types of perils caused losses for us and property insurance provides shield to recover such loses. Here we will be talking about a number of things that you should keep in your mind while having Florida insurance. If you know about the market of your property, you can easily estimate the value of your property. The cost of your property changes with respect to economy, demand, employment and other elements which could affect it.