Property and Casualty Insurance

ou may have heard the term property and casualty insurance, but do you know what it means? In short, property insurance and casualty insurance are types of coverage that help protect the stuff you own — your home or car, for example — and also provide liability coverage to help protect you if you're found legally responsible for an accident that causes injuries to another person or damage to another person's belongings.

The following are examples of insurance policies that typically offer property and casualty coverage:

Homeowners Insurance

types of Coverage

Homeowners insurance policies typically include these types of coverage:

• Dwelling protection. This coverage typically covers your home and attached structures, like a deck or attached garage.
• Personal property protection. From furniture to electronics, this coverage may help pay to replace belongings that are stolen or damaged by a covered loss.
• Other structures protection.This coverage may help pay to repair or replace structures on your property that aren't attached to your home, like a fence, detached garage or shed, if they are damaged by a covered peril.
• Family liability protection. Accidents can happen. Liability coverage may help protect you if someone is injured on your property and you are found legally responsible for damages.
• Guest medical protection. If a visitor is injured at your home, this coverage may help pay for their resulting medical expenses.
• Additional living expenses. This coverage may help you pay for temporary increased living costs, such as hotel bills, if you are unable to stay in your home after a fire or other covered loss.