Which type of insurance provides coverage for loss or damages to a person's home?

Homeowners insurance is specifically designed to provide financial protection against loss or damage to a person's home and its contents. This type of insurance typically covers risks such as fire, theft, vandalism, and certain natural disasters, making it essential for homeowners to safeguard their investment. Additionally, homeowners insurance often includes liability coverage, protecting the insured from personal injury claims or damages that occur on their property.

This coverage is crucial because a home is often one of the most significant investments a person can make, and adequate protection can help ensure that homeowners are not left financially vulnerable in the event of unforeseen incidents.