The various types of property insurance policies can be broadly classified into three types as follows:

1. Standard Fire and Allied Perils Policy This policy will cover most of the perils any kind of property may get exposed to, like fire, riots, floods and storm. 2. Burglary and House Breaking Insurance Policy This policy will cover loss of current assets due to burglary and theft. 3. All Risks Policy This policy will cover valuables in general. The package policy: This policy is an extension of All Risks Policy and is useful for house owners and shopkeepers.