Property insurance covers for the damage to the location of the business and its contents, even those that are consigned to you. There are two types of property insurance: the Broad Form – categorizes a list of disasters and protects against loss from all causes specified in the policy; and the Single or Specific Peril –insures against loss only from the specified risk. The premium will be higher if there are more types of loss covered. Property insurance can recompense damages or loss through: Actual Cash Value – original value of the property loss; and Replacement Value – reimbursement of the real amount needed to replace the equipment when lost.