Which type of insurance focuses on accidental losses?

Casualty insurance is designed specifically to cover losses that arise from accidents, injuries, and unforeseen events. This type of insurance encompasses various types of liability coverage, including those related to property damage and bodily injury resulting from accidents. In essence, casualty insurance provides financial protection for individuals and businesses against the risks associated with accidental events that can cause harm or loss.

This focus on accidental losses makes it distinct from other types of insurance. For example, health insurance is primarily concerned with medical expenses due to health issues rather than accidental injuries, while life insurance deals with benefits provided upon death and does not specifically target accidental causes. Accidental death insurance specifically addresses fatalities resulting from accidents but does not cover broader aspects of accidental losses related to property damage or liability. Therefore, casualty insurance is the overarching category that directly relates to the coverage of accidental losses.