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 for bodily injury or property damage to others. Homeowners, automobile, renters, landlord, condominium, and powersports insurance policies are common examples of P&C insurance. These policies typically cover the costs associated with damage to the insured's property and protect the insured from financial losses if they are found legally responsible for causing injury or damage to another person or their property. The coverage includes legal defense and payment of settlements or court judgments, subject to the terms and limits of the policy. In NC, insurers must comply with state statutes and regulations that govern policy terms, rates, underwriting, and claims handling. Consumers are encouraged to understand their policy details and ensure adequate coverage for their needs.