Which type of insurance is specifically designed to cover damages to a home caused by perils listed in a policy?

Which type of insurance is specifically designed to cover damages to a home caused by perils listed in a policy?

• A. Liability insurance
• B. Property insurance
• C. Health insurance
• D. Business insurance

Answer: (B)

Property insurance is designed specifically to cover damages to a home from perils explicitly listed in a policy, such as fire, theft, or weather-related events. This type of insurance protects the physical structure of a home and often includes coverage for personal belongings within that structure. Unlike liability insurance, which protects against claims for bodily injury or property damage caused to others, property insurance focuses on the insured's own property. Health insurance, on the other hand, covers medical expenses for health-related issues and does not address property damage. Business insurance pertains to coverage for businesses and is not relevant to homeowners or residential properties. Thus, property insurance is the appropriate choice for homeowners looking to safeguard their residences against specific hazards.

Property insurance is designed specifically to cover damages to a home from perils explicitly listed in a policy, such as fire, theft, or weather-related events. This type of insurance protects the physical structure of a home and often includes coverage for personal belongings within that structure.

Unlike liability insurance, which protects against claims for bodily injury or property damage caused to others, property insurance focuses on the insured's own property. Health insurance, on the other hand, covers medical expenses for health-related issues and does not address property damage. Business insurance pertains to coverage for businesses and is not relevant to homeowners or residential properties. Thus, property insurance is the appropriate choice for homeowners looking to safeguard their residences against specific hazards.