Which term describes a type of insurance that covers specific risks associated with property ownership?

The term that describes insurance specifically designed to cover risks associated with property ownership is property insurance. This type of insurance provides financial protection against various risks, such as damage to the physical structure of a home or other property caused by events like fire, theft, or natural disasters. Property insurance can also cover personal belongings within that property.

In the context of property ownership, this coverage is essential as it helps mitigate the financial impact of loss or damage. It is fundamentally focused on the property itself and the potential costs involved in restoring or replacing it.

Other types of insurance listed, such as health insurance, are unrelated to property and instead focus on medical care and related expenses. Liability insurance, while important, primarily addresses legal responsibilities for injuries or damages caused to others, rather than protecting one's own property. Supplemental insurance typically provides additional coverage or benefits beyond a primary policy and does not specifically target the risks associated with property ownership.