Which type of insurance covers theft of personal property up to specified limits?

Property insurance is specifically designed to cover various types of damage or loss to tangible personal property, including theft. This type of insurance often comes with specified limits, meaning that there will be a maximum amount that the insurer will pay in the event of a theft or other covered loss. Property insurance is important for individuals and businesses alike, as it protects valuable personal belongings and assets against risks like theft, fire, or natural disasters.

Liability insurance, in contrast, protects against claims resulting from injuries and damages to other people or their property, making it irrelevant to theft of personal property. Comprehensive insurance is typically associated with auto insurance, covering damage to a vehicle from non-collision events but not personal theft outside of that context. Health insurance is designed to cover medical expenses and does not pertain to property loss or theft at all. Thus, property insurance is the appropriate choice when discussing coverage for theft of personal belongings.