Property and Casualty InsuranceProperty and Casualty insurance (or P & C as it is usually called), are the types of insurance that cover the following:

Property – Property insurance protects the insured against financial consequences of damage to the property of every kind that is insured like building, automobile, marine etc.

Casualty – Casualty insurance protects the insured against the financial consequences of legal liability – like death, injury or disability to another person due to accident in which insured is found at fault. It also includes protecting against the cost of repair to the affected person’s property. For example in a car accident if other person is hurt and his car is damaged then insured can get the claim from insurance company. Similarly if due to insured person’s negligence someone gets hurt at the home of insured then liability coverage can take care of the expenses.