Property & Casualty (P&C) insurance provides financial protection against losses to your property and liability for injuries or damages you may cause to others. Property coverage protects your physical assets like homes, cars, and belongings, while casualty coverage shields you from legal responsibility when you're found liable for accidents or injuries.

Homeowners insurance protects your dwelling, personal belongings, and provides liability coverage for incidents on your property. Auto insurance covers vehicle damage, medical expenses, and liability for accidents you cause. Renters insurance protects personal belongings and provides liability coverage for tenants, while commercial property insurance safeguards business assets and operations.

Coverage limits represent the maximum amount your insurer will pay for covered losses, so adequate limits are crucial to avoid out-of-pocket expenses. Deductibles are amounts you pay before insurance coverage kicks in - higher deductibles typically mean lower premiums but more personal financial responsibility when filing claims.

Insurance companies evaluate risk factors like location, claims history, credit score, and safety features when determining premiums. Home security systems, safe driving records, and regular property maintenance can help reduce your insurance costs while providing better protection for your assets.