What does property insurance protect against?

Property insurance primarily provides coverage for loss or damage to physical assets such as buildings, personal belongings, and other structures. This type of insurance is designed to protect the insured against various risks, including theft, fire, vandalism, and other perils that could result in financial loss regarding property.

Natural disasters, while often covered under property insurance depending on the specific policy, do not encompass the full range of protections that property insurance offers, which is focused on physical assets. Additionally, personal liability for damages and claims from third parties fall under liability insurance, which is a different category altogether and is not typically included in property insurance coverage.

Understanding that property insurance is specifically aimed at safeguarding tangible assets is key to comprehending the broader landscape of insurance offerings.