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Property and Casualty Insurance

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The main difference between auto insurance and property and casualty insurance is that auto insurance merely covers vehicles, together with injuries and damages involving a vehicle. – PowerPoint PPT presentation

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Title: Property and Casualty Insurance


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Property and Casualty Insurance
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  • The main difference between auto insurance and
    property and casualty insurance is that auto
    insurance merely covers vehicles, together with
    injuries and damages involving a vehicle. On the
    other hand, property and casualty insurance
    covers all types of property, from cars, homes,
    businesses and commercial buildings. It as well
    covers liability that may result from injuries or
    damages withstood on a policyholder's property or
    from the actions of an employee.
  • AXIS Capital, a group of companies with branch
    offices in Bermuda, Australia, Canada, Europe,
    Latin America, Singapore and the United States
    provides you a better understanding of what
    Property and Casualty Insurance is. The company
    also service SE Asian countries such as KL
    Malaysia, Bangkok Thailand, Jakarta Indonesia and
    many more.

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 What Property and Casualty Insurance Covers
  • Property and casualty insurance, similarly known
    as property casualty insurance and property
    liability insurance, covers businesses, homes and
    vehicles. In overall, the property factor of this
    insurance safeguards property against loss,
    counting loss of its income-generation
    capabilities. Coverage likewise comprises
    property restoration and replacement. The
    casualty component of this insurance protects the
    policyholder against lawful liability for
    injuries to a person or property. For an
    instance, a warning, if a person is hurt on your
    property because of your negligence, your
    property and casualty insurance would recompense
    for the person's injuries and any legal costs
    that may be caused by the incident. Insurance
    companies can often adapt property and casualty
    insurance to the requests of the policyholder.
    Always review your insurance coverage.

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Property and Casualty Insurance Covers More
  • Dissimilar to auto insurance, property and
    casualty insurance is not limited to
    compensations from automobile-related events
    alone. Property insurance can cover everything
    from satellite dishes, signs and fences,
    landscaping, valuable papers and records, tools
    and other people's property in your care and
    control. Also, covered events that instigate
    property damage can consist of fire, theft,
    vandalism, riot, snow, windstorm, hail, water
    damage, falling objects, explosion, smoke,
    lightning and sinkholes. Casualty insurance
    covers complaints and lawsuits arising from the
    policyholder's, or their employees, negligence,
    damage to property of another or causing bodily
    injury. Casualty insurance characteristically
    doesn't cover liability resulting from out of
    such things as sexual harassment, race and gender
    discrimination or wrongful termination.
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