It also facilitates those apartments or buildings that are not in use of business or any illegal activity. Whenever you apply for Michigan Basic property Insurance, an agent of Michigan Basic Property Insurance Association would come and examine the property. Agent of Michigan Basic Property Association will take an estimates of your property to check that it cover the requirements or not. This additional advantage of NSSI personal property insurance compensate for the damage or loss of insured personal items. For example, an accident happened because of the policy holder; in such case NSSI personal property insurance will compensate $1000 for the hospitalization charges. Ancillary Campus Services This service is offered at SUNY Cortland by Auxiliary Services Corporation. Yes many companies propose different insurance policies to get out of this problem. 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. Beneficiaries of mortgage insurance: In a view of fact that, property mortgage insurance initially offers security to the lenders, this means that lenders are the first to achieve benefit from such mortgage insurance. Homeowner's insurance insures the property: dwelling, personal property, other structures on the property, etc. Citizen property insurance provides the protection to citizens from certain loss of their property. In addition, it covers the damage of property due to the natural catastrophes such as, earthquakes, hurricanes, fire, etc. Furthermore, citizen property insurance has a "loss" clause, which provides liable coverage to the crime or theft of property. Usually, a business is prone to various perils, which could result in downgrade of your business. So, acquiring a policy of business property insurance at the first place is must. How does policy of business property insurance helps? In lack of business property insurance, you may face problems in running business properly.