Name one common type of property insurance coverage.

Homeowners insurance is a common type of property insurance coverage because it is specifically designed to protect homeowners from losses related to their property, including the structure of their home and personal belongings contained within it. This type of insurance typically covers damages resulting from various risks, such as fire, theft, vandalism, and certain natural disasters.

Homeowners insurance not only provides coverage for the physical structure of the home, but it also includes liability protection in case someone is injured on the insured property. This comprehensive coverage makes it a fundamental aspect of protecting property and is required by most mortgage lenders, reinforcing its significance in the realm of property insurance.

In contrast, automobile insurance, life insurance, and health insurance focus on different aspects of risk management and protection, specifically for vehicles, individual life, and healthcare needs, respectively, thus not qualifying as types of property insurance.