The world of insurance can be confusing. There are so many policies to choose from - among the myriad options you’re certain to encounter what’s known as property and casualty insurance, or P and C insurance. Understanding this type of insurance is crucial to making smart decisions in choosing your coverage.
How does P&C insurance work?
P&C insurance offers financial coverage to your personal belongings. This includes your home, car and the contents of your home. It can also include personal liability coverage.
What are the main types of P&C insurance?
Some of the most common types of P&C insurance include:
- Homeowners insurance: Offers policies to homeowners. Coverage options include personal belongings, home structure and liability insurance.
- Renters insurance: This insurance provides financial security for personal belongings owned by renters.
- Car insurance: This insurance offers financial compensation when a car is involved in an accident.
What does P&C insurance include?
P&C insurance includes coverages to your belongings when perils strike. For example, if someone breaks into your home and steals your laptop, property insurance would pay for a replacement.
However, if you have a health issue, P&C insurance wouldn’t cover medical bills. This would be under the purview of your health insurance policy.
Do a survey of your belongings to know what might need coverage. Once you have this information, you get a better idea of the insurance types best suited for you.
About the Author
Cary Garcia
As a real estate broker licensed in Virginia, Maryland, and Washington, D.C., I work strictly by referral. For over 20 years, my success has hinged entirely on detailed, efficient service to clients like you.
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Finding a real estate agent is easy. Finding a skilled agent is the hardest…What separates me from other real estate agents is my extensive knowledge of contract law. You need an agent who understands the legality of the contract by enforcing the terms of the offer as well as all of the contingencies, addendums and disclosures. Before signing the offer, I will thoroughly explain the contract in detail, so you understand what you are committing to.I bring an expert’s perspective to help buyers and sellers make the right decisions.
Because I understand the legal and highly emotional aspects associated with real estate transactions, I am able to provide expert guidance to help you make informed and educated decisions. In addition, I’m very skilled at project coordination.
With so many people involved in the home sale process, I know how to create satisfying resolutions and make the process go as smoothly and successfully as possible.