What type of insurance provides coverage for risks associated with owning a home?

Homeowner insurance is designed explicitly to provide coverage for risks associated with owning a home. This form of insurance typically covers the structure of the home itself, personal belongings within it, and liability in case someone is injured on the property. Homeowner insurance protects against various risks such as damage from fire, theft, or natural disasters, ensuring that homeowners can recover financially from unexpected events.

Marine insurance, while essential for protecting ships and cargo, does not apply to homeownership risks. Life insurance covers an individual's life and provides financial support to beneficiaries upon the policyholder's passing, which is different from covering property. Mortgage insurance, in contrast, protects the lender in case the borrower defaults on their home loan; it does not cover the homeowner's risks or property itself. Thus, homeowner insurance is the correct answer as it specifically addresses the needs of homeowners in managing the risks and potential losses associated with their property.