What does property insurance protect against?

Property insurance is designed specifically to protect against losses related to damages incurred by personal or business property. This type of insurance encompasses a variety of scenarios, such as damages caused by fire, theft, vandalism, or natural disasters. By securing property insurance, individuals and businesses can recover financially from events that lead to the loss or damage of their owned assets, thereby providing peace of mind and stability in the face of unforeseen incidents.

The other options listed involve different types of insurance coverage. Claims related to automobile accidents would typically fall under auto insurance, which addresses liabilities and damages associated with vehicles. Liabilities from employees' actions are usually covered by liability insurance or workers' compensation, which protect businesses from specific legal responsibilities. Health-related expenses are covered under health insurance, which focuses on medical costs and care rather than property or asset protection. Thus, B clearly aligns with the central purpose of property insurance.