Property insurance and casualty insurance (also known as P&C insurance) are two broad categories of insurance coverage that are included in various insurance policies. In other words, there is no one P&C insurance policy—rather, there are a number of insurance policies that contain both property insurance and casualty insurance.

Property insurance insures against damage to your property—such as your home or your car. Casualty insurance insures against liability if someone claims you are responsible for causing bodily injury to them or their property—often based on your alleged negligence.

Property and casualty insurance are generally bundled together in one insurance policy such as:

• a homeowners insurance policy

• an automobile insurance policy

• a renters insurance policy

• landlord insurance

• condominium (condo) insurance

• powersports insurance (motorcycles, ATVs, RVs, off-road vehicles, boats)

Property and casualty insurance will defend you against such claims and pay settlements and court judgments against you that are covered by your insurance policy—including medical expenses, pain and suffering, and lost income for a person injured by your negligence.

In Alaska (AK), property and casualty insurance (P&C insurance) are regulated by the Alaska Division of Insurance. These types of insurance cover a range of policies that protect individuals and businesses against loss of property, damage, or other liabilities. Property insurance provides coverage for damages to tangible assets such as homes, cars, and personal belongings. Casualty insurance, on the other hand, covers an individual's legal liability for losses caused to another person, including bodily injury and property damage. In Alaska, these insurances are often combined in standard policies like homeowners, auto, renters, landlord, condo, and powersports insurance. These bundled policies are designed to provide comprehensive coverage for both property and liability risks. Insurers in Alaska are required to comply with state statutes and regulations, which include obtaining a license to operate, adhering to approved policy forms and rates, and acting in accordance with fair practices. Consumers are protected under Alaska law, which ensures that insurance policies meet minimum standards and that insurers act in good faith towards policyholders.