Final answer:
Property insurance covers losses resulting from various perils such as explosion, vandalism, and windstorm. option b.
Step-by-step explanation:
The insurance that covers losses resulting from explosion, falling object, impact by aircraft or land vehicle, riot, water escape, rupture, lightning damages to electrical appliances, freezing, smoke, vandalism or malicious acts, windstorm, and hail is property insurance.
Property insurance is a type of insurance that protects the insured against financial loss or damage to their property, such as a home or business. It typically covers a wide range of perils, including the ones mentioned in the question.
For example, if a property insured under a property insurance policy experiences damage due to an explosion or vandalism, the insurance company will provide coverage for the necessary repairs or replacement.