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 Oregon, property and casualty insurance (P&C insurance) are regulated by the Oregon Division of Financial Regulation. These types of insurance cover a range of policies that protect individuals and businesses against loss of property and against liability for damage or injury caused to others. Property insurance typically covers damage to or loss of the policyholder's property due to events like fire, theft, or natural disasters. Casualty insurance, on the other hand, provides liability coverage to protect the policyholder if they are found legally responsible for injuries or damage to another person or their property. Common policies that bundle property and casualty insurance include homeowners, auto, renters, landlord, condo, and powersports insurance. These policies not only cover the cost of repairs or replacement of property but also provide legal defense and may cover settlements or court judgments for covered incidents. Oregonians are encouraged to review their insurance policies to understand the extent of their coverage and ensure they have adequate protection for both property and liability risks.