Property and Casualty insurance is a type of coverage that protects individuals and businesses from financial losses related to property damage and liability. This includes policies for homes, vehicles, and businesses, safeguarding against risks like theft, fire, and accidents. Property insurance covers physical assets, while Casualty insurance provides liability protection against claims for injuries or damages to others. Together, they help manage risks and provide peace of mind, ensuring that policyholders can recover from unexpected events without facing significant financial hardship.