Which policy provides coverage for the dwelling and personal property?

The homeowners insurance policy is specifically designed to provide coverage for both the dwelling itself and the personal property within it. This type of insurance protects against a variety of risks such as fire, theft, and certain natural disasters. It is structured to safeguard the physical structure of the home as well as the belongings of the homeowners, which can include furniture, electronics, clothing, and more.

In contrast, commercial property insurance is tailored for businesses and does not typically cover personal residences or their contents. Renters insurance primarily covers personal property for renters and does not extend coverage to the physical structure of the dwelling, as that is the responsibility of the landlord's insurance. Liability insurance, on the other hand, focuses on protecting individuals from legal claims arising from injuries or damages they may cause to others, rather than covering property. Thus, the homeowners insurance policy stands out as the most comprehensive option for protecting one's home and belongings.