Property and Casualty (P&C) insurance can be broken down into several categories:

Property and Casualty (P&C) insurance can be broken down into several categories:

Property and Casualty (P&C) insurance can be broken down into several categories:

1. Property Insurance: Covers damage to or loss of property, including:
   • Homeowners insurance
   • Commercial property insurance
   • Renters insurance
   • Flood insurance
   • Earthquake insurance
2. Casualty Insurance: Covers liability for damage or injury to others, including:
   • Auto insurance (bodily injury and property damage)
   • General liability insurance (business)
   • Workers’ compensation insurance
   • Umbrella insurance (excess liability)
3. Personal Lines: Covers individuals and families, including:
   • Homeowners insurance
   • Auto insurance
   • Renters insurance
   • Umbrella insurance
4. Commercial Lines: Covers businesses and organizations, including:
   • Commercial property insurance
   • General liability insurance
   • Workers’ compensation insurance
   • Business auto insurance
5. Specialty Lines: Covers unique or niche risks, including:
   • Cyber insurance
   • Directors and officers liability insurance
   • Environmental insurance
   • Professional liability insurance ( Errors and Omissions)
6. Excess and Surplus Lines: Covers high-risk or unusual risks that don’t fit into standard insurance categories.

P&C insurance policies typically include:

• Premium (amount paid for coverage)
• Deductible (amount paid out-of-pocket before insurance kicks in)
• Limit (maximum amount paid by insurance)
• Policy period (duration of coverage)
• Perils (specific risks covered, such as fire, theft, or liability)

Understanding these categories and components can help you navigate the complex world of Property and Casualty insurance.