What type of insurance would typically cover losses due to fire damage to a residence?

Homeowners insurance is designed specifically to cover losses to an individual's residence and personal property, including damages that result from fire. This type of policy not only protects the physical structure of the home but also typically offers coverage for personal belongings inside the home and may include additional living expenses if the home becomes uninhabitable due to a fire or other covered event.

Fire damage is one of the key perils that homeowners insurance addresses, ensuring that policyholders can receive financial assistance for repairs, rebuilding, and replacements caused by such incidents. This makes it a crucial type of insurance for homeowners seeking protection against common risks associated with property ownership.

In contrast, commercial insurance primarily protects businesses and their assets, and liability insurance offers protection against claims arising from injuries or damages to other people or their property. Health insurance addresses medical expenses and is not related to property damage. Thus, the selection of homeowners insurance is clearly the most suitable option for covering fire damage to a residence.