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 Maryland, property and casualty insurance (P&C insurance) are regulated by the Maryland Insurance Administration (MIA). P&C insurance policies cover a range of assets and liabilities, including homes, vehicles, and other properties. Property insurance protects against damage to the insured's property, while casualty insurance covers liability for injuries or damage to others that the policyholder may be responsible for due to negligence. These insurances are often combined in policies such as homeowners, auto, renters, landlord, condo, and powersports insurance. Maryland law requires certain types of P&C insurance, such as minimum liability coverage for automobiles. Insurers in Maryland must comply with state regulations regarding policy terms, premium rates, and claims handling. The MIA provides oversight and ensures that insurance providers operate within the legal framework, offering protection to consumers and ensuring that the insurers fulfill their obligations in the event of a claim.