What type of insurance coverage pays for damages to a property caused by conditions like fire or explosion?

Property coverage is designed specifically to protect against damages to a property resulting from various risks, including fire, explosion, theft, and certain natural disasters. This type of insurance is essential for property owners, as it provides financial protection by covering the costs associated with repairing or replacing damaged property.

The coverage includes not only the physical structure of buildings but also personal belongings and equipment located on the premises, offering a broad safety net against significant financial loss from unforeseen events. This aligns directly with the question, which seeks the type of insurance that addresses damages caused by specific conditions such as fire or explosion.

Liability coverage, on the other hand, focuses on protecting the insured from claims arising due to bodily injury or property damage to others, rather than covering one's own property. Comprehensive coverage usually refers to a type of auto insurance that protects against damages to the vehicle caused by events other than collisions, and general liability is more about protecting against lawsuits and other claims for damages or injuries inflicted on other people or their property.