Definition - What does Casualty Insurance mean?
Casualty insurance is a type of insurance that mainly concerns personal and other related legal damages. It covers the legal liability of the insured party 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.
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