Property and casualty (P&C) insurance is a vital aspect of the broader insurance industry, encompassing diverse coverage areas like home, auto, and business insurance. The primary qualities of P&C insurance revolve around risk management, protection, and financial security for individuals and businesses against unforeseen events or losses.
Below are the qualities of property and casualty insurance;
Customization and flexibility
The other integral quality is the customization and flexibility in policy offerings. P&C insurance policies can be tailored to meet the specific needs of individuals or businesses. Whether it’s adjusting coverage limits, adding endorsements for specialized risks, or creating bundled policies …