Meaning of the word "Property insurance" in English

What does "Property insurance" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Property insurance

US /ˈprɑp.ər.ti ˈɪn.ʃʊr.əns/
UK /ˈprɒp.ə.ti ɪnˈʃʊər.əns/

Noun

insurance that provides protection against most risks to property, such as fire, theft, and some weather damage

Example:
Homeowners should always have adequate property insurance.
The cost of property insurance can vary based on location and coverage.