What type of insurance covers bodily injury or property damage resulting from negligence on a homeowner's property?

What type of insurance covers bodily injury or property damage resulting from negligence on a homeowner's property?

• A. Liability Insurance
• B. Title Insurance
• C. Health Insurance
• D. Property Insurance

Answer: (A)

Liability insurance is specifically designed to protect homeowners from the financial ramifications of claims made against them for bodily injury or property damage that occurs on their property due to negligence. This type of insurance coverage helps cover legal fees, medical expenses, and damages awarded if a court finds the homeowner legally responsible for the injury or damage incurred by another party. In the context of home ownership, having liability insurance is essential, as it provides peace of mind and financial security when unforeseen incidents, like accidental injuries to guests or damage to a neighbor's property, occur. Other types of insurance mentioned in the choices serve different purposes. Title insurance protects against losses related to defects in the title or ownership of property, while health insurance covers medical expenses for the insured individual's health needs. Property insurance, on the other hand, covers damage to the homeowner's property itself, such as from fire or theft, rather than liabilities associated with injuries or damages to others. Thus, liability insurance is the correct choice as it directly addresses the concerns related to negligence on a homeowner's property.

Liability insurance is specifically designed to protect homeowners from the financial ramifications of claims made against them for bodily injury or property damage that occurs on their property due to negligence. This type of insurance coverage helps cover legal fees, medical expenses, and damages awarded if a court finds the homeowner legally responsible for the injury or damage incurred by another party.

In the context of home ownership, having liability insurance is essential, as it provides peace of mind and financial security when unforeseen incidents, like accidental injuries to guests or damage to a neighbor's property, occur.

Other types of insurance mentioned in the choices serve different purposes. Title insurance protects against losses related to defects in the title or ownership of property, while health insurance covers medical expenses for the insured individual's health needs. Property insurance, on the other hand, covers damage to the homeowner's property itself, such as from fire or theft, rather than liabilities associated with injuries or damages to others. Thus, liability insurance is the correct choice as it directly addresses the concerns related to negligence on a homeowner's property.