Casualty Insurance
Casualty Insurance is a type of insurance that covers losses and liabilities that is the direct result of an accident. Although this type is quite broad in coverage, it generally excludes life, health and property insurance policies.
Here are some examples when Casualty Insurance will be of great advantage to you:
1. For Business owners – when an employee is accidentally injured at work, it will protect you from any liability that may occur. Likewise for those with retail stores, when a shopper is injured in your area, any medical cost for him/her can be covered by Casualty Insurance.
2. For Homeowners – getting a home insurance might not cover everything that you possess inside your house. It will not also pay for any accident that house guests may have while inside your home. With Casualty Insurance, items stolen or damaged after a robbery can be replaced. If a guest incurs any injury in your premises, this type of insurance can pay for medical costs and other expenses.
3. For Boat or Motorcycle owners – if your boat or motorcycle is damaged from an unforeseen event like a burglary attempt, Casualty Insurance will cover the aftermath. Any person injured while in your boat or motorcycle will likewise be covered for medical costs.
There are still many types of casualty insurance that is available but it is important to note that this should be viewed as supplemental insurance. Do not purchase Casualty Insurance to replace Life, Health and Home Insurance. This type will give you additional coverage for added protection. Make sure to ask your agent to give you the different policies available for casualty insurance and choose only what you need.
