What does homeowners insurance typically cover?

Homeowners insurance typically covers a combination of property damage and personal liability. This means that the policy is designed to protect the homeowner's property against various risks such as fire, storms, vandalism, or other forms of damage. Additionally, it includes liability coverage, which protects the homeowner if someone is injured on their property or if they cause damage to someone else's property.

This dual coverage aspect is crucial for homeowners, as it not only safeguards their financial investment by covering repairs or replacements needed due to covered events but also shields them from potentially significant legal and medical expenses that could arise from liability claims.

While some policies may also include clauses for specific situations, like replacement value, the core function of homeowners insurance is to blend both property protection and liability coverage, making option B the comprehensive choice reflecting the typical coverage provided.