Citizens of statewide achieved a better insurance coverage because of the renewed policies of Louisiana Citizens Property Insurance Corporation. Also, it gave the new opportunity to the business at the Louisiana. The insurance policy of the Louisiana Citizens Property Insurance Corporation can cover the claim amount of $350,000. As, the citizen property insurance is purely expressed on monetary terms. So, the losses of a closed ones, or the emotional losses are not covered in the policies of citizen property insurance. So, it is important to understand while purchasing a policy of citizen property insurance that it insures online the property with economic value. 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. If a person has liability policy of the commercial property insurance, than he or she may get the reimbursement against loss of income due to the building damages. The policies of commercial property insurance provide the liable coverage for flood. However, the policy holders of commercial property owner receive the compensation from the Federal Government, National Flood Insurance Program. For instance, a person, while walking on your place or in your company slips and gets a everlasting injury, he can sue you for the damages. Your business can easily be out by only his sue. So surviving without insurance is a tough job. A important aspect is facing business cycle in the business. If you have disruption in your business to a specific period of time, the Property insurance for New York will cover all of your income losses. This kind of house property insurance policy includes house and its stuffing in order to avoid 17 different perils. Policy # 2 of house property insurance policy has interest of about 5% to 10% more then the policy # 1. Policy # 3: The third policy of house property insurance is also sometimes called special house owner policy.