What type of events does homeowners insurance typically cover?

Homeowners insurance provides coverage for a wide range of events that can lead to damage or loss of the home and personal property. This includes various risks such as fire, storms, theft, vandalism, and certain types of water damage, among others. The primary function of homeowners insurance is to protect both the structure of the home and the possessions within it from unforeseen events that could cause financial hardship.

The coverage under homeowners insurance often extends to personal liability as well, which addresses bodily injury or property damage claims made against the policyholder. However, the coverage is not limited solely to bodily injury; rather, it encompasses both property damage and personal liability.

In contrast to the other options, which narrow the scope significantly, the correct answer accurately reflects the broad nature of homeowners insurance coverage, emphasizing its comprehensive protection against a variety of perils that could affect both the dwelling and the belongings inside.