Which coverage typically provides indemnity for damage to property?

Property coverage is designed specifically to protect against loss or damage to physical property. This coverage typically includes damage caused by various hazards, such as fire, theft, vandalism, and natural disasters. When an insured property experiences damage, property coverage provides the necessary indemnity, allowing the policyholder to recover financially and repair or replace the damaged items.

Liability coverage, on the other hand, primarily protects the policyholder from claims made by others due to damage or injury that they may have caused, rather than covering damage to the policyholder's own property. Collision coverage is a specific type of auto insurance that provides indemnity for damage to a vehicle resulting from a collision, which is a narrower focus than general property coverage. Replacement cost coverage refers to a method of settling claims based on the cost to replace the damaged property without depreciation, but it still falls under the broader umbrella of property coverage. Therefore, property coverage is the most accurate answer when it comes to providing indemnity for damage to property.