What does property insurance primarily protect against?

Property insurance primarily protects against physical damages to property. This type of insurance is designed to cover the financial losses that a policyholder may face due to damage or loss of tangible assets, such as buildings, equipment, and personal belongings. The coverage typically includes risks like fire, theft, vandalism, and natural disasters, which can result in significant repair or replacement costs.

Understanding the specifics of property insurance is crucial because it helps determine what types of situations are covered. For example, if a building is damaged by a storm, property insurance would assist the owner in recovering the costs associated with repairs, ensuring that they are not left financially vulnerable.

The other options pertain to different areas of insurance or risk management. Employee misconduct involves liability issues typically covered by different types of insurance, such as employment practices liability insurance. Changes in market conditions relate more to business operations and financial performance rather than direct property loss or damage. Personal injury claims concern liability and bodily harm, generally falling under professional or general liability insurance rather than property insurance.