What type of policy generally provides coverage for both personal and real property?

A homeowners policy is designed to provide coverage for both personal property, such as furniture and clothes, as well as real property, which includes the physical structure of the home itself and any attached structures like a garage or deck. This type of policy combines various coverages, including dwelling coverage for the home and personal property coverage for items inside it, making it particularly comprehensive for homeowners seeking protection against risks such as theft, fire, or liability claims.

The homeowners policy stands out because it addresses both property coverage and liability protection, offering a well-rounded insurance solution for individuals and families. This multifaceted approach is essential for homeowners who want to safeguard their residence and personal belongings simultaneously.