What type of insurance covers damages to physical property?

Property Insurance is specifically designed to cover damages to physical property or assets. This type of insurance protects against risks that can cause loss or damage to property, such as fire, theft, vandalism, or natural disasters. It encompasses a wide range of properties, including residential buildings, commercial structures, and personal belongings.

In contrast, General Liability Insurance primarily addresses third-party claims against a business for bodily injury or property damage caused by its operations, products, or services. While it may involve property-related issues, it does not cover the insured's own property.

Life Insurance provides financial protection to beneficiaries upon the policyholder's death, but it does not address property damage or loss in any form. Similarly, Health Insurance is focused on covering medical expenses rather than physical property risks.

Thus, Property Insurance is the most appropriate type of coverage when referring specifically to damages to physical property.