What is the main focus of property insurance?

The primary focus of property insurance is to protect physical assets. Property insurance provides coverage against risks such as fire, theft, or natural disasters that can damage or destroy tangible property, including homes, buildings, and personal belongings. This coverage is essential for individuals and businesses as it safeguards their investments and ensures financial stability in the event of a loss.

By mitigating the financial impact associated with damage or loss of property, property insurance plays a crucial role in helping policyholders rebuild or recover, thereby emphasizing its core function of asset protection. This focus on safeguarding physical possessions underscores the importance of property insurance in risk management for both personal and commercial assets.