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.
2. 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
3. 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.
4. 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