Property and Casualty Insurance is a type of insurance that protects individuals and businesses from financial losses related to property damage and liability. It covers various risks, including damage to homes, vehicles, and personal belongings, as well as legal responsibilities for injuries or damages caused to others. This insurance is typically divided into two main categories: property insurance, which covers physical assets like homes and cars, and casualty insurance, which provides liability coverage for accidents or injuries. Together, they help policyholders manage risks and recover from unexpected events.