What does 'Property Insurance' primarily cover?

Property insurance is designed specifically to protect the insured's physical assets, covering a wide range of scenarios that involve loss or damage to property. This encompasses coverage for homes, personal belongings, and other tangible items against various risks such as fire, theft, vandalism, and natural disasters.

The emphasis of property insurance is on safeguarding the financial interests of the policyholder in their owned property. While it addresses a multitude of risks that could lead to damage or loss, the primary focus is on the property itself rather than any associated liabilities or injuries to individuals. This clearly aligns with the core purpose of property coverage, which is to provide financial protection for the policyholder's investment in physical assets.

The other options relate to different types of insurance. For example, liabilities and injuries pertain more to liability or personal injury coverage, while theft, although part of property insurance, is only a component and not the overall focus. Thus, the selection of the option that states the primary coverage of property insurance is loss or damage to the insured's property aligns with its fundamental purpose.