Which type of insurance would protect against loss due to property damage or theft?

Property insurance is designed specifically to protect individuals and businesses against loss or damage to their physical assets. This includes coverage for incidents such as fire, theft, vandalism, and certain natural disasters, among other perils. By purchasing property insurance, the policyholder ensures that they have financial protection in the event their property is damaged or stolen, allowing them to repair or replace the affected assets without incurring significant out-of-pocket costs.

Liability insurance, in contrast, focuses on protecting the insured against claims resulting from injuries or damages they may cause to other people or their property. Although it is essential for covering legal expenses and settlements related to liability claims, it does not cover damage to the policyholder’s own property.

Health insurance covers medical expenses and does not pertain to property loss or damage. Similarly, life insurance is intended to provide a financial benefit to beneficiaries upon the death of the insured, rather than covering property loss. Therefore, property insurance is the most suitable choice for protection against loss due to property damage or theft.