What type of insurance provides financial protection to homeowners against disasters, including property damage to others?

Homeowner's insurance is designed specifically to protect homeowners from a variety of risks associated with property ownership. This type of insurance typically covers damage to the property itself, such as from natural disasters (like storms, fire, or theft) and can also include liability protection. This means that if a guest is injured on the property or if the homeowner accidentally damages someone else's property, the insurance can cover the associated costs. This dual protection of both the physical structure and liability makes homeowner's insurance an essential product for anyone owning a home.

Title insurance, in contrast, is used to protect against issues related to property ownership, such as title defects or disputes, but it does not cover property damage. Errors and Omissions insurance provides coverage for professionals against claims of negligence or inadequate work, which is unrelated to homeowner protection. Mortgage default insurance is aimed at protecting lenders against the risk of a borrower defaulting on their mortgage but does not provide protection to homeowners from disasters or damages. Thus, homeowner's insurance is the correct choice as it comprehensively addresses the relevant risks for homeowners.