What is property and casualty insurance?

Property and casualty (P&C) insurance covers two related risks. Property insurance protects covered property against losses such as damage or theft, while casualty insurance covers legal liability for injuries to other people or damage to their property. Together they span personal products like homeowners and auto policies and commercial products like business property, general liability, and workers compensation.

Property and casualty insurance covers damage to property, such as homes and cars, and liability for injuries or damage the policyholder causes to others. In licensing terms it is one of the two major license families, separate from life and health. A Personal Lines license covers personal auto, homeowners, and renters coverage, while a full property and casualty license also covers commercial policies.

Property insurance covers damage to physical property, and casualty insurance covers legal liability for injuries and damage to others. Arkansas tests the two lines together in a single Property/Casualty exam that includes commercial lines; it allows 3.5 hours, costs $50, and requires 70% correct to pass. The state also offers a separate Personal Lines exam covering property and casualty products without commercial lines.

Property and casualty insurance covers two related categories: property insurance pays for damage to insured property such as homes and cars, while casualty insurance covers liability for injuries or damage the policyholder causes to others. In Delaware these are separate major lines of authority, so a producer must hold each line to sell it. Personal lines covers property and casualty products sold to individuals and families for noncommercial purposes.

Property and casualty insurance covers damage and liability risks, such as automobiles, watercraft, homes, motorcycles, and pets, along with errors and omissions coverage, workers compensation, and bonds. In Florida, agents who sell it hold the 2-20 General Lines license, which covers property, casualty, surety, marine, health, and miscellaneous lines. Earning it requires a 200-hour approved prelicensing course or qualifying experience, plus the state examination.

Property and casualty insurance is the coverage category for damage to property and liability for harm to others. In Kansas these are two separate lines of authority, Property and Allied Lines and Casualty and Allied Lines, each with its own $57 exam, or you can take a combined $64 exam with 140 scored questions. Personal Lines is a related license covering property and casualty products sold to individuals and families for non-commercial purposes.

Property insurance covers direct or consequential loss or damage to property of every kind, while casualty insurance covers legal liability for death, injury, or disability, and damage to real or personal property. Under Kentucky law, an agent may hold property and casualty as separate lines of authority, and each line requires its own examination. Personal lines means property and casualty coverage sold to individuals and families for primarily noncommercial purposes.

Property and casualty insurance covers damage to property and legal liability for injury or damage caused to others. Property coverage includes homeowners, renters, and auto policies, while casualty coverage includes auto liability, workers' compensation, and other liability lines. To sell it in New Hampshire, a producer holds the Property and Casualty line of authority, earned by passing the PSI exam (series 12-64, $72) and applying online through NIPR with the $210 license fee.

Property and casualty insurance covers damage to property and legal liability for injury or damage to others, including products such as home, auto, liability, and commercial coverage. In New York, a property and casualty agent or broker is licensed to sell, solicit, or negotiate these lines, which requires 90 hours of prelicensing education. A related personal lines authority covers non-commercial insurance sold to individuals and families and requires 40 hours.

Property and casualty insurance covers two broad areas of risk. Property insurance covers damage to things people own, such as homes, commercial buildings, and inland marine property. Casualty insurance covers liability for harm or loss to others, including auto, workers compensation, crime, and professional liability policies. Agents selling these products in Ohio need the Property and Casualty lines of authority.

Property and casualty insurance covers loss to property such as homes and vehicles, and liability for harm the policyholder causes to others. In Vermont, Property and Casualty are separate lines of authority on the producer license, and the combined exam tests dwelling, homeowners, auto, commercial package, businessowners, and workers compensation coverage. Auto insurance is the heaviest section at 21% of the 150-question exam.

Property and casualty insurance is coverage that insures a policyholder's real or personal property and pays for liability for injury to others. Under a Property and Casualty license, an agent can sell several classes of insurance, including dwelling, homeowners, auto, commercial package, businessowners, and workers compensation policies. Property and Casualty includes Personal Lines authority, so Virginia applicants may not hold both licenses.

Property and casualty insurance covers damage and liability risks, including homeowners, auto, and business liability policies. In Wyoming these are two separate lines of authority on a producer license: Property and Casualty. Producers who hold both lines do not need to add the Personal Lines line of authority or the crop limited lines license, which is only for agents who work exclusively with crop insurance.