Why is it called casualty insurance?
Why is it called casualty insurance?
Casualty insurance means that the policy includes liability coverage to help protect you if you’re found legally responsible for an accident that causes injuries to another person or damage to another person’s belongings. Property and casualty insurance are typically bundled together into one insurance policy.
What are the three major types of casualty insurance?
Casualty insurance includes vehicle insurance, liability insurance, and theft insurance. Liability losses are losses that occur as a result of the insured’s interactions with others or their property.
Does homeowners insurance cover other people’s belongings?
It pays to replace your belongings if they’re damaged or stolen. Homeowners insurance also covers your personal property, meaning your clothing, furniture, appliances, and other personal items if they’re stolen or damaged by any covered perils listed in your policy.
