Which type of insurance primarily covers property loss?

Property insurance is specifically designed to cover losses or damages to physical property, such as buildings, personal belongings, and equipment, resulting from various risks like fire, theft, vandalism, and natural disasters. This type of insurance provides financial protection against the physical loss of property, enabling policyholders to repair or replace their damaged property and mitigate the financial impact of such losses.

In contrast, liability insurance provides coverage for legal responsibilities arising from injuries or damage to others, which does not directly relate to property loss. Health insurance focuses on covering medical expenses and healthcare services, while life insurance offers financial support to beneficiaries upon the insured's death, neither of which pertains to property loss. Therefore, property insurance stands out as the correct choice for covering property loss, making it essential for individuals and businesses to protect their physical assets.