Which type of insurance covers property such as washers and dryers?

Property insurance is specifically designed to protect physical assets like buildings, equipment, and personal property against risks such as theft, fire, and certain types of damage. In the context of washers and dryers, which are considered tangible property, property insurance would cover any losses or damages incurred to these appliances due to the risks outlined in the policy.

This type of insurance is crucial for property managers and owners because it ensures that they are financially protected in case of unforeseen events that could lead to significant repair or replacement costs. Other types of insurance, such as general liability insurance, focuses on protecting against claims of bodily injury or property damage to others, while errors and omissions insurance is designed to cover negligence or failure to perform professional duties. A business owner's policy typically bundles property and liability coverage but wouldn't specifically address coverage for individual items like washers and dryers in the way property insurance does.