Which of the following is a primary purpose of homeowners insurance?

Homeowners insurance primarily serves to protect against common risks to property and personal liability. This includes coverage for damages to the home and possessions due to events such as fire, theft, or natural disasters, as well as liability protection in the event that someone is injured on the property. This type of insurance is essential for homeowners as it safeguards their investment and offers peace of mind against unforeseen circumstances that could lead to significant financial loss.

Other options do not represent the main function of homeowners insurance. For instance, investment income for the policyholder, while a financial goal for some, is not a direct benefit of having homeowners insurance; the primary focus is on protection rather than financial gain. Guaranteeing a specific mortgage rate is not related to homeowners insurance but rather pertains to mortgage agreements and financing. Lastly, ensuring appreciation in property value is influenced by market conditions and not something that homeowners insurance can guarantee, as its primary role is not investment performance but rather risk management.