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 Minnesota, property and casualty insurance (P&C insurance) are regulated by the Minnesota Department of Commerce. P&C insurance encompasses a variety of policies that provide coverage for property damage and liability. 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 found legally responsible for causing injury to another person or damage to someone else's property. Common types of policies that bundle property and casualty insurance include homeowners, auto, renters, landlord, condo, and powersports insurance. These policies typically cover legal defense costs and may pay for settlements or court judgments up to the limits of the policy. Minnesota state statutes and regulations establish standards for P&C insurance policies, including the terms of coverage, the rights of policyholders, and the obligations of insurance companies. Policyholders are encouraged to review their insurance policies carefully to understand the extent of their coverage and to ensure that they have adequate protection against potential risks.