Which of the following is NOT typically a component of Homeowner’s Property Insurance?

Homeowner’s Property Insurance is designed to cover a range of risks associated with the ownership of a residential property. This typically includes various types of coverage such as personal property coverage, liability protection, and loss of use coverage.

Personal lines coverage refers to protection for personal belongings and contents within the home, while liability protection safeguards the homeowner against claims resulting from injuries or damages that occur on the property. Loss of use coverage is also a key component, providing financial assistance when a homeowner is unable to live in their home due to a covered loss, ensuring they can maintain their living conditions elsewhere.

Commercial property protection, on the other hand, is not included in standard homeowner’s insurance policies because it is designed for business-related risks and property, rather than residential risks. Homeowner’s insurance strictly pertains to individuals' residential needs and does not extend to properties used for commercial purposes, making this the correct answer. This distinction emphasizes the focus of homeowner's insurance on personal rather than business-related asset protection.