Casualty Insurance

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The Casualty Insurance is often referred as Liability Insurance, Casualty insurance is not directly related with Life Insurance, health Insurance or the property Insurance. Instead a Casual Insurance is mainly a liability coverage of an Individual or an Organisation due to their own negligent acts or omissions. However the casualty insurance may include marine Insurance for Ship wreck at sea . The Casualty Insurance may also sometimes include earthquake, Political Risk Insurance, The terrorism and Fidelity Insurance.

The most common and popular Casualty Insurance of Today is Automobile Insurance. It provides liability coverage even in the event that a driver is found at fault in an accident. This coverage  Covers medical expenses of the individuals who are involved in the accident and this will also covers repair cost of damaged property, all this coverage will fall within the scope of the Casualty Insurance Coverage. However if the policy also covers damage to the Car due to the theft then this will no longer be considered as a Casualty Insurance Policy.

Another amazing example of the Casualty Insurance can be Crime Insurance which is a form of an Insurance which protects the policy holders against the loss arising from the criminal acts of the third parties usually enemies or the robbers. In the case of Political risk Insurance the policy Protects the Insured against the losses the insured might sustain due to a strong political revolution in the Country where the Insured is carrying out his operations.