It includes a specific maximum limit of protection against the risk of loss to your personal belongings due to any number of named occurrences, such as storm, theft or fire. (rentersinsurance.net)
To account for this, some offerings will provide protection against these risks by offering floating (or variable) rate bonds. (daytrading.com)
Property insurance offers protection against risks to property, including weather, fire damage or theft. (investopedia.com)