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 situations, providing protection against damage to property and liability for injuries or damages caused to others. Homeowners, automobile, renters, landlord, condominium, and powersports insurance are common types of policies that bundle property and casualty coverage. These policies typically cover the costs of legal defense, settlements, and court judgments up to the limits specified in the policy, including medical expenses and other damages due to negligence. Maryland law requires certain minimum levels of coverage for automobile insurance, and there are regulations that govern the underwriting, rating, and claims processes for all P&C insurance. Consumers are protected under state statutes that require insurers to act in good faith and with fair dealing. It's important for policyholders to understand the specific terms and coverage limits of their insurance policies, and they may consult with an attorney for guidance on insurance matters or if they face disputes with their insurer.