Which statement accurately describes the control of property in insurance?

The statement that accurately describes the control of property in insurance is that it protects property from damage by a non-policyholder's negligent act. This means that the insurance policy can provide coverage for damages caused by individuals who do not hold the policy, as long as the damage is deemed to be the result of negligence and falls within the guidelines of the policy.

This aspect highlights the broad protective nature of property insurance, ensuring that policyholders may receive compensation for damages that occur due to the actions of others—after all, property can be vulnerable to harm from a variety of sources. For example, if a stranger accidentally damages a homeowner's property, the homeowner's insurance may cover that incident, reflecting the principle that property insurance serves to mitigate the risks posed by a range of potential threats, not just those that can be controlled by the policyholder.

The other statements do not accurately convey the breadth of protection in insurance policies. For instance, limiting coverage to specific locations or asserting that it only protects against the insured's own actions fails to recognize the full scope of coverage available under many policies, which often account for damages stemming from a variety of negligent actions.