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Casualty insurance is often referred to alongside of property. Although property/casualty insurance is often linked we’ll just go over the casualty side for now.

Casualty insurance is insurance that will cover both the losses and the incurred liabilities which are the result of an unforeseen accident. Though this is a very broad area when you’re talking about casualty insurance you’re usually talking about:

• Burglary
• Fraud
• Terrorism

Exclusions are things like:

• Life and Health
• Fire Insurance

Those are types of insurance that have their own policies are amendments to add on. Most all insurance agents are going to offer you casualty insurance. Depending on your purchase and your specific needs you should discuss all of those with your insurance agent so you pick the appropriate policy from all ends.

Typical Casualty Coverage

Casualty insurance is going to cover both the damage to property and people in almost all instances.

For instance, if you purchase a casualty policy for your boat and someone should unfortunately be injured on your boat, the insurance company is going to bear responsibility for that person within the limits of your policy.

As with the burglary mentioned above as well and someone is hurt as the result of an attempted burglary it’d be viewed by the insurance company as an unforeseen instance or event and you’d be covered.

Casualty with Personal Liability

An insurance policy for casualty coverage that includes personal liability is something that is very useful; especially for business owners, as it is going to protect them from liability of those that are injured on their premises.

Personal liability coverage is not something that is only extended to businesses. If you’re a homeowner or renter you can take advantage of this as well with coverage usually extending to belongings and the people that are in your home.

When a home or a business purchases casualty insurance it should be viewed as a supplemental insurance only. This coverage does not extend you coverage for things like floods and fires as these types of losses need to be insured separately.

Make sure when you’re making the purchase of your casualty policy that you read the terms very carefully. There are certain things that you may think either should or are covered and don’t find out that this isn’t the case until it’s too late. Don’t wait for a loss to find out you’re not covered.