What is property and casualty (p&c) insurance?

Q: What is property and casualty (p&c) insurance?

Property and Casualty (P&amp;C) Insurance is a broad category of insurance that helps protect individuals and businesses against financial losses involving property damage, liability, and other covered risks. Policies may include homeowners, auto, renters, commercial property, and liability insurance, with coverage subject to the policy's terms, conditions, limits, and exclusions.

Property and Casualty (P&C) Insurance

Insurance

Property and Casualty (P&C) Insurance is a broad category of insurance that helps protect individuals and businesses against financial losses involving property damage, liability, and other covered risks. Policies may include homeowners, auto, renters, commercial property, and liability insurance, with coverage subject to the policy's terms, conditions, limits, and exclusions.

Property and Casualty Insurance protects physical assets and liability exposures while helping individuals and businesses recover from covered losses.

Why it matters for financial institutions

Property and Casualty Insurance helps financial institutions protect collateral securing loans, reduce credit risk, and support lending requirements. It also creates opportunities to offer insurance solutions that strengthen customer relationships, generate non-interest income, and improve the overall financial well-being of borrowers.