Ever wonder just what private property insurance is and what it covers? I believed the same thing after I purchased Indian Wells Country Club Real Estateand here's what I learned. Property insurance relates to all sorts of possessions you own. It could be your house and everything in it, including the land your home is constructed on. It could also be any type of vehicle that's under your name or a livelihood project that you have started. To have property insurance is to protect your asset against loss or damage and you are assured that regardless of what happens, the money you invested on buying these possessions won't go to oblivion.