What does property insurance cover?

Property insurance primarily covers physical assets from various risks, including fire, theft, vandalism, and other perils that can cause damage to property. This type of insurance is designed to protect the insured's tangible assets, like homes, commercial buildings, personal belongings, and equipment, against financial losses that may arise from damage or loss due to these specified risks.

The focus of property insurance is on safeguarding the value of these assets, ensuring that the policyholder can recover financially from expected or unexpected events that could jeopardize their physical possessions. This protection provides peace of mind and financial security, as it allows individuals and businesses to mitigate the risks associated with property ownership.

In contrast, the other options relate to different types of coverage and are not applicable to property insurance. Liabilities from vehicle accidents pertain to automobile insurance, while injuries from third-party actions would typically fall under liability insurance. Furthermore, claims made by insured persons against their insurers relate to the claims process in insurance but do not define the coverage offered by property insurance.