Which type of insurance protects against risks related to property?

The correct choice is property and casualty insurance, which specifically covers losses or damages to property and protects against financial loss resulting from various risks related to property ownership and use. This type of insurance encompasses a wide range of policies, including homeowners insurance, auto insurance, and renters insurance, which are designed to safeguard physical assets against theft, damage, or loss due to fire, weather events, accidents, and other specific causes.

In contrast, health insurance primarily covers medical expenses associated with illness or injury, making it unrelated to property risks. Life insurance, on the other hand, provides financial support to beneficiaries upon the policyholder’s death, again not pertaining to property protection. Liability insurance addresses legal liabilities for damages or injuries caused to others by the insured, focusing on protection against claims rather than safeguarding the insured's own property. Therefore, property and casualty insurance is uniquely positioned to address risks tied directly to property.