What is Casualty Insurance?
Casualty insurance covers losses and liabilities which are a result of unforeseen accidents. This category of insurance is quite broad, encompassing a range of situations and fields within the insurance industry. Generally, casualty insurance excludes life, health, and fire insurance policies; it is designed for things like burglary, terrorist attacks, and fraud. Many insurance agents offer casualty insurance; if you are interested in purchasing some for a home, specific situation, or business, you should talk to an insurance agent about your specific needs. Typically, casualty insurance covers both damages to property and people. For example, if someone purchases a casualty insurance policy for a boat and someone is injured on board, the insurance company will bear that person’s medical costs. Likewise, if part of the boat is damaged as a result of something like a burglary attempt, the insurance company will also cover this unforeseen event. This type of insurance is very useful for
A11. Casualty Insurance is the type of insurance that is primarily concerned with losses caused by injuries to persons and legal liability imposed upon the insured for such injury or for damage to property of others. It also includes such diverse forms as plate glass, insurance against crime, such as robbery, burglary and forgery, boiler, machinery and construction insurance and Aviation insurance. Arab Orient Insurance also writes bond insurance under this class of insurance.
