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 New Jersey, property and casualty insurance (P&C insurance) is regulated by the New Jersey Department of Banking and Insurance. This type of insurance typically combines coverage for property loss or damage with liability coverage for injuries or damages to others for which the insured may be responsible. Homeowners, automobile, renters, landlord, condominium, and powersports insurance policies are common examples of P&C insurance. These policies are designed to protect individuals from financial losses related to their property and to provide defense and coverage for claims of negligence resulting in bodily injury or property damage to others. Insurers in New Jersey must comply with state statutes and regulations that govern the terms, conditions, and provisions of P&C insurance policies, including the requirement to act in good faith and the prohibition of unfair practices. Policyholders are entitled to a clear explanation of their coverage, and in the event of a dispute, they may seek assistance from the state's insurance department or consult with an attorney for legal advice and representation.