Property & Casualty
Property & Casualty
Future Link Insurance Agency protects individuals and businesses from financial loss related to damage to property and legal liability for injuries or damage to other people or their belongings.
1. Property Insurance
Covers damage or loss to your own property due to events like:
- Fire
- Theft
- Vandalism
- Natural disasters (storm, hail, etc.)
- Water damage (some exclusions may apply)
- Equipment breakdown (commercial)
✅ Common property policies:
- Homeowners insurance
- Renters insurance
- Commercial property insurance
2. Casualty (Liability) Insurance
Covers legal responsibility for injuries or damage you cause to others, including:
- Bodily injury to someone else
- Property damage to someone else’s belongings
- Legal defense costs
✅ Common casualty policies:
- Auto liability insurance
- General liability insurance (for businesses)
- Workers’ compensation
- Professional liability (errors & omissions)
🔹 Common Types of P&C Policies:
| Policy Type | What It Covers |
|---|---|
| Homeowners | Property + liability coverage for your home |
| Auto Insurance | Vehicle damage + liability for injury or damage to others |
| Renters Insurance | Personal belongings + liability (not the building) |
| Condo Insurance | Property inside the unit + liability |
| Landlord Insurance | Rental property structure + liability |
| Commercial Property | Buildings, equipment, inventory |
| Commercial General Liability (CGL) | Lawsuits, bodily injury, property damage claims |
| Business Owners Policy (BOP) | Bundled property + liability coverage for small businesses |
🔹 Key Terms in a P&C Policy
- Premium: The amount you pay for the policy.
- Deductible: The amount you pay out of pocket before insurance kicks in.
- Coverage Limit: The maximum amount the insurer will pay.
- Exclusions: Events or circumstances not covered.
- Endorsements: Add-ons or changes to standard policy coverage.
Would you like a sample P&C policy, a comparison between two insurers, or a breakdown for a specific type (e.g., homeowners or business liability)?
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