Question

which scenario best describes purchasing property insurance?
mitchell buys insurance to protect his new stereo system from theft.
carmen gets insurance to cover a car she recently inherited.
lee buys insurance to protect her home in case of fire damage.
jake gets insurance after his dog ruins a neighbor’s yard.

Explanation:

Property insurance is for protecting real property (like a home). Mitchell's stereo is personal property, Carmen's car is vehicle (auto insurance), Jake's is liability (for damage to others' property). Lee's insurance for home against fire is property insurance.

Answer:

Lee buys insurance to protect her home in case of fire damage.