What type of insurance protects homeowners against loss from fire, theft, or other perils?

Homeowners insurance is designed specifically to provide financial protection to homeowners against various types of loss, including those caused by fire, theft, vandalism, and certain other perils. This type of insurance typically covers not only the structure of the home but also personal belongings within it and may even provide liability coverage in case someone gets injured on the property.

Liability insurance focuses more on covering damages or injuries that the policyholder may cause to other people or their property rather than protecting the homeowner's property itself. Pest control insurance is not a standard coverage for property loss; it deals specifically with the management of pests and does not cover losses from fire or theft. Flood insurance is a specialized form of coverage that protects against damage specifically from flooding and is often needed in areas prone to such events, but it does not cover other common risks like theft or fire. Therefore, homeowners insurance is the comprehensive policy that addresses a wide array of risks faced by property owners.