![]() ![]() Renters Insurance: Like homeowners insurance, renters insurance also generally includes both property and casualty coverage.The main difference is that it typically only covers the interior of the unit because a different policy held by the condo owner’s association covers the exterior part of the building. Condo Insurance: Condo insurance is similar to homeowners insurance.The property insurance portion covers expenses related to damage to the structure of the home and its contents while the liability portion covers things like medical bills if someone sustains an injury on your property. Homeowners Insurance: Homeowners insurance also generally includes both property insurance and casualty insurance.Drivers also can purchase collision or comprehensive auto insurance, which are types of property insurance that cover expenses related to damage to their own vehicle. Most states require car owners to have liability insurance to cover costs related to medical expenses and/or car damage of another party in the event they cause an accident. Auto Insurance: Auto insurance actually can include both property insurance and casualty insurance. ![]() Some of the most common types of personal P&C insurance include: You can group some of these types of coverage in a single P&C insurance policy or you can purchase them separately. ![]() Some of these policies help individuals protect their personal property and offer liability protection while others target the needs of businesses. Many different types of coverage fall under the category of P&C insurance. Casualty insurance provides protection against personal liability claims, such as if someone claims you’re responsible for their injuries and files a lawsuit against you. Property insurance helps to cover the cost of replacing damaged or stolen items someone owns. To sell P&C insurance products, agents must have a P&C insurance license. That’s why all states offer a single P&C insurance license exam. While property insurance and casualty insurance are two different lines of insurance coverage, most insurance agencies require their agents to earn licenses to sell both. Property and casualty insurance (P&C insurance) is a category of insurance coverages that protect property and business owners from potential costs stemming from property damage and personal liability claims. ![]()
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