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 York, property and casualty insurance (P&C insurance) is regulated by the New York State Department of Financial Services (DFS). P&C insurance policies cover a range of assets and liabilities, including homes, automobiles, and other properties, as well as providing liability coverage for bodily injury or property damage claims. These policies are often bundled together in various forms such as homeowners, auto, renters, landlord, condo, and powersports insurance. The coverage typically includes legal defense and may cover settlements and court judgments for covered incidents. Insurers in New York must comply with state regulations regarding policy terms, consumer protections, and financial solvency. Additionally, New York has specific requirements for certain types of insurance, such as mandatory liability coverage for automobiles. Policyholders are encouraged to understand the terms of their policies and ensure they have adequate coverage for their needs. It's important for individuals to consult with an attorney or insurance agent to understand the specific provisions and exclusions of their P&C insurance policies.