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 Colorado, property and casualty insurance (P&C insurance) are types of coverage that protect individuals and property from various risks. Property insurance covers damage to or loss of the policyholder's property, which can include homes, cars, and personal belongings. Casualty insurance, on the other hand, provides liability coverage to protect the policyholder in case they are found legally responsible for injuries or property damage to others. These types of insurance are often combined into single policies, such as homeowners, auto, renters, landlord, condo, and powersports insurance policies. These policies not only cover the costs associated with property damage but also provide legal defense and may cover settlements or court judgments, medical expenses, and other liabilities arising from claims of negligence. Colorado's Division of Insurance within the Department of Regulatory Agencies oversees the regulation of P&C insurance, ensuring that insurance carriers comply with state statutes and regulations. Policyholders are encouraged to understand the specific terms and coverage limits of their insurance policies, as these can vary widely.