Which type of insurance provides coverage for damages to property?

Property insurance is specifically designed to provide coverage for damages to property. This type of insurance can protect various forms of property, including homes, commercial buildings, and personal belongings, from risks such as fire, theft, and natural disasters.

It functions by offering financial reimbursement to the policyholder for the repairs or replacement of the insured property when losses occur. This coverage can vary widely depending on the specific policy, including factors like the types of covered perils, the amount covered, and the deductibles applied.

Other types of insurance mentioned, like health, travel, and life insurance, serve different purposes. Health insurance addresses the costs of medical care, travel insurance protects against losses related to travel plans, and life insurance provides a financial benefit to beneficiaries upon the insured's death. Therefore, they do not directly cover damages to property, making property insurance the correct and most relevant choice for the question about covering damages to property.