What are the differences between liability, property and casualty insurance?

Liability, property, and casualty insurance are three types of insurance that offer coverage for different types of risks. Liability insurance provides coverage for any legal costs that may arise due to the policyholder’s negligence or injury to another person or property. Property and casualty insurance cover damages to physical property such as cars, houses, and other personal property. Liability insurance helps the policyholder pay for legal costs when they are sued. Property insurance helps to pay for losses and damages to the policyholder’s property. For example, if your home is damaged due to an accident, property insurance will help cover the costs. Casualty insurance helps pay for losses and damages due to accidents such as damage to vehicles or other personal property. Another difference between these insurance types is the type of coverage they provide. Liability insurance covers the policyholder for any costs and damages resulting from their negligence. Property and casualty insurance usually covers the policyholder’s property for any type of loss or damage. In Indiana, all insurance policies must meet the minimum state requirements set out by the Indiana Department of Insurance. This means all policies must meet the liability, property, and casualty coverage requirements, or the policyholder may be held liable for any losses or damages.

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What are the differences between liability, property and casualty insurance?

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