What type of insurance must property owners generally maintain?

Property owners are generally required to maintain insurance that covers both property loss and liability. This comprehensive type of insurance is essential because it protects the owner's investment in the property while also providing liability coverage in the event that someone is injured on the premises or if there are claims related to the property's condition.

Property loss coverage safeguards against risks such as fire, theft, or natural disasters, ensuring that the owner can recover financially from events that might damage the physical structure or contents of the property. Liability coverage is crucial as it helps protect the owner from legal claims that could arise from accidents occurring on the property, which could lead to significant financial repercussions.

Other insurance options, such as health insurance for management staff or tenant rights-related insurance, do not provide the comprehensive coverage necessary for property owners, which is why the selected answer emphasizes the necessity for both property loss and liability protection.