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 Virginia, property and casualty insurance (P&C insurance) are regulated by the Virginia Bureau of Insurance, which is part of the State Corporation Commission. Property insurance covers damage to or loss of the policyholder's property, including homes, cars, and personal belongings. Casualty insurance, on the other hand, provides liability coverage to protect the policyholder in case they are legally responsible for causing injury to another person or damage to someone else's property. This can include coverage for legal defense costs, settlements, and court judgments. Common policies that bundle property and casualty insurance include homeowners, auto, renters, landlord, condo, and powersports insurance policies. These policies are designed to protect individuals from financial losses due to unforeseen events such as accidents, natural disasters, theft, and lawsuits. It's important for policyholders to understand the terms, coverage limits, and exclusions of their P&C insurance policies to ensure they have adequate protection. Virginia law requires certain minimum levels of insurance coverage, such as for automobiles, but individuals can choose to purchase additional coverage based on their needs and risk exposure.