what is p&c insurance

Property and casualty (P&C) insurance is a type of coverage that helps protect you and the property you own. It is an umbrella term that encompasses various forms of insurance, including auto, homeowners, renters, and condo insurance. The "property" portion of P&C insurance refers to protection for property that you own, such as your home, car, motorcycle, or other physical property. On the other hand, the "casualty" portion includes liability coverage to help protect you if youre found legally responsible for an accident that causes injuries to another person or damage to another persons belongings. P&C insurance typically covers both property protection and liability coverage, and it is often bundled together into one insurance policy. This type of insurance can help pay for costs that you are legally responsible for, up to your policy limits.