Guidelines on Property and Casualty Insurance

Property and casualty insurance take care of most risks to an individual or a business's property, like damage, theft, losing money, records, furniture, machinery,

trademarks and supplies as well. Some examples of specialized insurance policies that are currently available cover disasters such as fires, earthquakes, and floods that damage your primary residence.

Property and casualty insurance can be insured either by multiple or named dangers. You have to identify exactly what you have lost. One example of this is if your house burned down, you would only be able to make a claim under "named peril property insurance" if you had explicitly requested to insure your house against a fire. Other perils commonly covered are explosion, lightning, and theft. You should consider all problems that are part of your insurance plan. If not, you might be paying for insurance that would not aid you in case your car is stolen.

Property and casualty insurance takes care of many risks to the individual or the business's property, such as theft, damage, loss of money, furniture, machinery, records, even trademarks, brand names, and supplies. There are certain particular insurance policies available which cover natural disasters like earthquakes, fires, and floods which damage your residence or business.

Many businesses and companies will often choose to insure their properties with what is called a BOP or business owner insurance policy. Property and casualty insurance, and liability insurance get combined into a single policy, to create these business owner policies. Some of the BOPs offer added expense interruption insurance.


Dramatic shifts in the property casualty marketplace have placed incredible pressure on insurance agents. While premiums, commissions, and policy retention have all gone down; overhead, workload, and price competition have all gone up. The result is a scrambling of agents to make sense of what to do next to keep the ship afloat.

Home insurance is not entirely comprised of home insurance policies as you may think. This sort of insurance covers damages to all sorts of property or home that are the result of break-ins, fire or climate damage. Fire insurance, flood insurance plan and earthquake insurance plan are a couple of the different types of policies which fall under general property insurance plan.

Posted in: Casualty insurance,Property