Which statement about homeowners insurance is true?

Homeowners insurance typically includes liability coverage, making this statement accurate. Liability coverage is a crucial component of most homeowners insurance policies, as it protects the homeowner from legal and financial repercussions if someone is injured on their property or if the homeowner is found responsible for causing damage to someone else's property. This coverage helps to shield the homeowner from potential lawsuits and the associated costs, offering peace of mind regarding personal liability.

In contrast, other choices are inaccurate: homeowners insurance does not solely cover fire damage; it encompasses various perils such as theft, vandalism, and certain natural disasters, thus protecting broader interests beyond just fire. Additionally, homeowners insurance is not mandated in all jurisdictions; while some lenders may require it, homeowners are generally not legally obligated to carry this insurance. The statement regarding protection only against individual property is also misleading, as homeowners insurance protects both the dwelling and the liability associated with it, covering a wide range of damages and risks.