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 North Carolina (NC), property and casualty insurance (P&C insurance) is regulated by the North Carolina Department of Insurance. P&C insurance encompasses a variety of policies that provide coverage for property damage and liability. Property insurance covers damages to possessions such as homes, cars, and personal belongings, while casualty insurance covers an individual's legal liability for losses caused to another person, including bodily injury and property damage. These types of insurance are often combined in policies like homeowners, auto, renters, landlord, condo, and powersports insurance. Insurers in NC must comply with state statutes and regulations that govern insurance practices, policy provisions, rates, and the conduct of insurance providers. Policyholders are protected under NC law, which ensures that insurance policies meet minimum standards and that insurers act in good faith, providing a defense and covering settlements or judgments as specified in the insurance contract. It's important for consumers to understand their policy terms and coverage limits, as well as their rights and responsibilities under NC insurance law.