Insurance is a method of risk transfer from insured person to insurer, who accepts to compensate for accidental damages to those whom they occured and distribute them to all members of the risk community through principles of solidarity and reciprocity. In today's time insurance presents an important aspect of peoples lifes. It is important for economic stability of an individual and whole society. People want to protect themselves and their properties from many risks to which they're exposed on a day to day basis. That's the reason why today there are various types of insurances which are divided in two groups: life insurances and non-life insurances. Topic of the paper is property insurance which is classified as non-life insurance. Basic purpose ot that type of insurance is protection of property from damage or total loss from many risks. It includes insurance against fire and natural disasters and other types of property insurance. The risks to which property is exposed include fire, earthquake, storm, hail, explosion, burglary and robbery etc. Through the paper an examples of property insurance policies of two insurance companies in the Republic of Croatia, Generali insurance and Adriatic insurance, are elaborated. By analizing the examples, conditions of insurance of both insurance companies were determined, and from their comparison arises that they have some similarities and differences. Insurance offers depend on several factors, type of insured object and its characteristics, the number of risks that is going to be insured from and duration of insurance are most significant.