Which of the following is one of the two types of insurable property in property insurance?

• A. Real property and personal property
• B. Log property and intangible property
• C. Mobile property and immovable property
• D. Abstract property and tangible property

Answer: (A)

In property insurance, insurable property falls into two main categories: real property and personal property. Real property covers land and anything permanently attached to it, such as buildings and fixtures. Personal property includes moveable items owned by the insured, like furniture, clothing, electronics, and other contents inside a structure. These two categories distinguish what is fixed or attached to a location from what can be moved, which is why they are the standard definitions used in property policies. Terms like intangible, abstract, or mobile/immovable aren’t the recognized primary categories for insurable property in typical property insurance, and hence real property and personal property correctly identify the insurable property types.