Casualty Insurance

What Does Casualty Insurance Mean?

Casualty insurance is a type of insurance that primarily addresses personal and related legal damages. It covers the insured party’s legal liability for any covered damages to property owned by another party.

Insuranceopedia Explains Casualty Insurance

This type of insurance covers all types of damages caused by the negligent acts of the insured. This insurance covers vehicle and property damage, as well as bodily harm to a third party. It covers a person and/or an organization for any negligent acts and omissions. The most common type of casualty insurance is auto insurance. Most people who shop for the best car insurance companies are buying casualty coverage without using that term. Businesses face the same kind of third-party exposure but tend to buy it as general liability insurance instead.