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. P&C insurance encompasses a variety of policies that provide coverage for property damage and liability for bodily injury or property damage to others. Homeowners, automobile, renters, landlord, condominium, and powersports insurance policies are common examples that bundle property and casualty coverage. These policies protect insured individuals from financial losses due to damage to their property and provide liability coverage in case they are found legally responsible for injuring someone or damaging someone else's property. The coverage includes legal defense and may cover settlements, court judgments, medical expenses, and other damages up to the limits of the policy. It's important for policyholders to understand the specific terms, coverage limits, and exclusions of their policies, and they may consult with an attorney for guidance on insurance matters or if they face a claim or lawsuit.