Property Risk

An insurable risk involving loss or damage to property the insured person owns, such as a car or a home.

Often confused with

Liability Risk: Liability risk is damage you cause to others; property risk is damage to your own things.
Personal Risk: Personal risk is harm to the insured person; property risk is harm to what they own.

Taught in

5.2 Managing Personal Risk

See also

5.2.A.4