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 Ohio, property and casualty insurance (P&C insurance) are regulated by the Ohio Department of Insurance. These types of insurance cover a range of policies that protect against damage to property and liability for injuries or damage to others for which the insured may be responsible. Homeowners insurance, automobile insurance, renters insurance, landlord insurance, condo insurance, and powersports insurance are common policies that bundle property and casualty coverage. Property insurance typically covers the physical damage to or loss of the insured's property, while casualty insurance provides liability coverage for injuries or damages to third parties that may arise from the insured's actions or negligence. Ohio law requires certain minimum levels of insurance, such as for automobiles, but beyond those minimums, individuals and businesses can purchase additional coverage to suit their needs. Insurers in Ohio must comply with state regulations regarding policy terms, consumer protections, and claims handling. It's important for policyholders to understand the specific terms and coverage limits of their P&C insurance policies to ensure adequate protection.