Which of the following is considered a type of insurable loss?

Property damage is classified as an insurable loss because these losses relate to tangible assets that can be covered under various types of insurance policies. This includes damage to buildings, equipment, and personal property due to events such as fire, theft, natural disasters, or vandalism. Insurance policies are specifically designed to protect property owners from financial loss incurred due to these situations, making property damage a fundamental aspect of risk management in property management practices.

In contrast, economic disruption, market fluctuation, and legal fees typically do not qualify as insurable losses under standard property insurance policies, as they often result from broader economic factors or business-related risks that are not tied to a specific, tangible loss.