Property insurance refers to 

a series of policies that offer either

property protection or liability coverage. Property insurance can
include homeowners insurance, renters insurance, flood insurance,
and earthquake insurance, among other policies.

What is basic property insurance coverage?

Basic property insurance usually covers losses caused by fires or explosions, theft,
vandalism and damage from vehicles or airplanes. Additional coverage referred to as
“endorsements” can be added to provide additional protection for things such as
earthquakes and broken glass.