What does casualty insurance typically cover?

Casualty insurance is designed to provide coverage primarily for liability associated with injury to others or damage to their property. This type of insurance often aims to protect the insured from legal responsibility when they cause harm or damage through their actions.

Coverage typically includes bodily injury, which refers to physical harm inflicted on individuals, and damage to someone else's property, which entails costs incurred when the insured damages another person's possessions. This distinction is crucial, as it emphasizes that casualty insurance focuses on the protection of third-parties rather than the insured's own property or business losses.

Options that mention loss of life or damage to the insured's own property refer to different types of insurance. For instance, life insurance covers death, while property insurance would pertain to damages incurred to one's own assets. Business-related losses, on the other hand, relate to specific coverage for business operations, which is typically handled under commercial insurance policies rather than casualty insurance.