What does property insurance cover?

Property insurance primarily covers the physical structures of a property, such as your home, land, and any other buildings or structures on that property. This type of insurance is designed to protect you from financial loss due to damages that may occur from various risks, including natural disasters, theft, vandalism, and certain liabilities associated with the property. By providing financial compensation for repairs or rebuilding costs, property insurance ensures that homeowners can recover from significant damages without facing severe financial hardship.

In contrast, healthcare treatments and preventive care are not covered by property insurance; they fall under health insurance policies. Similarly, work-related injuries and accidents are typically addressed by workers' compensation insurance rather than property insurance. Lastly, liabilities from accidents involving other people are generally covered under liability insurance, not property insurance. Therefore, the answer accurately reflects the specific purpose of property insurance in protecting assets related to real estate.