In such circumstance, if the wife sues you for her rights then home title property insurance will compensate for the losses. Additionally, the home title property insurance also covers the losses occurred due to the inaccuracy in public records. Even after the examination and proofing of title, the problem arises then home title property insurance will pay off for the expenses of lawsuits. Florida State has a higher risk of natural disasters like, hurricane and storms. Moreover, Florida Citizens Property Insurance Corporation also provides the insurance policies to those people who are unable to get the desired insurance coverage from the private insurance market. A Seven-member of Board of Governors is the responsible panel who regulate Florida Citizens Property Insurance Corporation, and its operations in the state. The property that meets the requirement of Michigan basic property insurance includes residential apartments or the building that fulfill the building code principles. 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. Falling objects, theft, volcanic eruption and weight of snow or sleet are also the examples of perils. Home property insurance covers damages from floods which are caused by heating, plumbing or air conditioning. These are the type of home property insurances which can be purchased with respect to damages, individually or in package. 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. The broad form policy is a second category of the commercial property insurance. House property insurance To recover the lost situation after any kind of property loss, insuring your house is extremely important. You can get a single or you get multiple insurance policies. For example, if you want to protect your home from fire you can get a single policy that will protect your property against damage caused by fire.