What components are typically included in a homeowner's insurance policy?

Homeowner's insurance policies are designed to provide financial protection for individuals in the event of various risks associated with owning a home. The correct answer includes personal property, liability, and medical payments, which are standard components of a homeowner's insurance policy.

Personal property coverage protects against loss or damage to the homeowner's belongings, such as furniture, electronics, and clothing, due to covered events, like theft or fire. Liability coverage provides protection if someone is injured on the property or if the homeowner is responsible for damaging someone else's property. Medical payments coverage helps pay for medical expenses if a guest is injured on the property, regardless of fault.

In contrast, the other options mentioned do not pertain to typical components of a homeowner's insurance policy. Motor vehicle liability and property damage coverage relate to auto insurance, which covers vehicles but not homes. Comprehensive and collision coverage are also types of auto insurance, dealing specifically with damages to vehicles in various situations. Health and life insurance are entirely different types of coverage focused on medical expenses and life protection, respectively, and do not provide the necessary protection for real estate or personal belongings within a residential context.