Final answer:
Property insurance covers fire or burglary damage to possessions, differing from bonding, life, and workers' compensation insurance which have other functions like contract guarantees, family support, or worker injury benefits.
Step-by-step explanation:
The type of insurance that would cover fire or burglary damage is property insurance. Property insurance, often referred to as house or renter's insurance, provides coverage for possessions that are stolen or damaged due to causes like theft, fire, and other perils specified in the policy.
This contrasts with other types of insurance like bonding, life insurance, and workers' compensation, which serve different purposes such as guaranteeing contract completion, supporting family members after a policyholder's death, and providing benefits to workers injured on the job, respectively.