First we have to look what kind of perils they are? So they are storms, floods, war, burglary, fire etc. People can easily save themselves by following well-intended policies of property insurance. There are two main types of policies first is simple policy and the other is wide range policy. Wide-range policy not only saves from the bodily losses of your building but also provide compensation for the losses to the stuffing of the building which includes window glass, furniture and other accessories. There are some facts about Property insurance for New York which are discussed as follows: Tips to choose Property insurance for New York To get Property insurance for New York, first you have to check that it is meeting your requirements or not. Buy a Property insurance for New York from company which must have licensed serviced in New York State. Business Interruption Coverage This is one of the important aspects of property insurance offered for small business. There are numerous factors that can interrupt the small business, like damage or any loss of property due to any mishaps. In such cases, property insurance compensate for the income, which is lost due to such causes. For example if any one want to buy his/her own house and don't acquire property mortgage insurance, she/ he definitely go to the lenders and they will demand say 20% in advance of the whole consideration. For such an amount like 20% of consideration price, this becomes a problem for a single person to pay off such a big amount. In the USA, individual states have the primary rights to regulate the operation of citizen property insurance organizations. The name of these government agencies varies in each state. Sometimes these agencies are called "Division of Insurance", "Insurance Bureau", or "Department of Insurance". The property insurance company covers the repair or damage loss of the property due to theft or fire. So, if a person is required to replace or repair the property because it is damaged due to fire or other incident than property insurance will compensate monetarily. This is why the property insurance is recommended and must for the business owners.