What is typically included in the concept of 'full coverage' for homeowners insurance?

The concept of 'full coverage' in homeowners insurance generally encompasses a comprehensive array of protections, which indeed includes liability, dwelling, and personal property coverage. Liability coverage protects homeowners against claims for bodily injury or property damage that might occur on their property. Dwelling coverage protects the home's structure from risks like fire, theft, or weather-related damage. Additionally, personal property coverage safeguards the homeowner's belongings, such as furniture, electronics, and clothing, from similar risks. This comprehensive approach is designed to provide robust protection to the homeowner against various liabilities and risks associated with home ownership.

In contrast, the other choices lack essential components of full coverage. For example, focusing solely on liability and personal property coverage neglects the critical aspect of dwelling coverage, which protects the physical structure of the home. Similarly, structural damage coverage alone would not encompass personal property or liability protection, and coverage for external structures might not address the primary dwelling or personal contents, limiting the protection scope significantly. Thus, the option that includes all three aspects—liability, dwelling, and personal property—accurately reflects what is typically understood as 'full coverage' in the context of homeowners insurance.