Property and casualty (P&C) insurance is a broad category of coverage that protects you from financial loss related to your property—such as a home, car, or business—and from legal liability if you cause injury or damage to someone else or their property.

Common examples include homeowners insurance, renters insurance, auto insurance, landlord policies, commercial property insurance, and general liability insurance. Many businesses and individuals carry multiple P&C policies for comprehensive protection.

Property insurance covers physical assets against risks such as fire, theft, vandalism, storms, or other covered events. If a covered loss occurs, your insurance company will pay to repair, replace, or reimburse you for the damage, up to the policy limits.

Liability coverage protects you financially if you are found legally responsible for injuring someone or damaging their property. It can cover legal defense costs, settlements, and judgments, helping to safeguard your personal or business assets.

Regular policy reviews are key. Work with your insurance advisor to evaluate your property’s value, your potential liability risks, and any changes in your circumstances—such as renovations, new vehicles, or expanded business operations—to ensure your coverage stays adequate.