Casualty insurance is a broad category of insurance that includes almost any coverage that is not related to life, health, or property. Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. ... It has been suggested that Life assurance be merged into this article or section. ... Property insurance provides protection against risks to property, such as fire, theft or weather damage. ...
Therefore it includes many insurance converages such as:
Liability insurance is a part of the general insurance system of risk transference. ... Political risk insurance can be taken out by businesses, of any size, having operations in countries in which there is a risk that revolution or other political conditions will result in a loss. ... Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities. ... A fidelity bond is a form of protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. ... A surety bond is a contract between at least three parties: (i) the principal, (ii) the obligee, and (iii) the surety. ...
Automobile insurance, also known as auto insurance, car insurance and in the UK as motor insurance, is probably the most common form of insurance and may cover both legal liability claims against the driver and loss of or damage to the vehicle itself.
A homeowner's insurance policy in the US typically includes propertyinsurance covering damage to the home and the owner's belongings, liability insurance covering certain legal claims against the owner, and even a small amount of health insurance for medical expenses of guests who are injured on the owner's property.
Insurance policies can be complex and some policyholders may not understand all the fees, regulation and coverages included in a policy.
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