What type of insurance combines property and liability coverage to protect a home?

Homeowner's insurance is specifically designed to combine both property and liability coverage, making it a comprehensive option for protecting a home. This type of insurance not only covers the structure of the home itself and any personal belongings within it against risks such as theft, fire, and natural disasters, but it also provides liability protection in the event that someone is injured on the property or if damage is caused to someone else's property.

In contrast, renter's insurance focuses primarily on the personal belongings of a tenant and does not provide coverage for the property structure itself, which is why it does not fully meet the needs of homeowners. Health insurance and life insurance serve very different purposes, providing coverage for medical expenses and financial support upon death, respectively, rather than addressing property and liability needs related to home ownership. Thus, homeowner's insurance stands out as the appropriate choice for combining these critical forms of protection.