What type of insurance do homeowners typically carry to protect their property?

Homeowners typically carry homeowners insurance to protect their property because this type of insurance specifically covers damages to the home and its contents due to various risks. This includes protection against events such as fire, theft, vandalism, and certain natural disasters. Additionally, homeowners insurance often provides liability coverage, which protects the homeowner in case someone is injured on the property and decides to sue.

This insurance is essential for homeowners as it helps them recover financially in the event of unexpected damages or loss. It caters specifically to the risks associated with home ownership, making it the most appropriate choice for protecting one’s property. In contrast, health insurance covers medical expenses, life insurance provides financial support to beneficiaries upon the policyholder's death, and liability insurance typically protects businesses or individuals against claims for damages it may cause to others, rather than protecting personal property directly.