Casualty Insurance


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Casualty Insurance

A category of insurance that covers unforeseen events on a stated asset or assets. Car insurance, workers compensation insurance, and elevator insurance all fall under this general category. Often, casualty insurance only covers a particular event or asset. That is, car insurance covers one's car (and perhaps the persons within it) only. Casualty insurance provides coverage to the policyholder in the event the insured event occurs; the coverage is contingent upon the timely payment of premiums.
References in periodicals archive ?
Fidelity National Property & Casualty Insurance Inc.
In this section, several CPAs share their experiences in working with clients to meet property and casualty insurance needs.
31, the company merged with Insura Property and Casualty Insurance Co.
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