What type of insurance covers loss or damage to property?

Property insurance specifically covers loss or damage to physical property, such as homes, buildings, and personal belongings. This type of insurance is designed to protect the insured against various risks, including theft, fire, and weather-related damages. It provides financial reimbursement for repair or replacement of the insured items, which is crucial for maintaining the homeowner's or business owner's financial stability.

Health insurance, disability insurance, and life insurance focus on different areas of coverage. Health insurance deals with medical expenses, disability insurance provides income replacement if an individual is unable to work due to a disability, and life insurance offers financial support to beneficiaries upon the death of the insured. None of these options provide coverage for physical property loss or damage, making property insurance the appropriate choice for this question.