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Definitions from the Web

Property-Casualty

Definition:

Property-Casualty refers to a type of insurance which involves policies that protect individuals, businesses, and organizations against the risk of physical or financial loss or damage to property, liability for bodily injury or damage to others, and legal expenses.

Parts of Speech:

• Noun
• Adjective

Senses:

Noun:

1. A type of insurance policy that covers property and liability risks.
2. The property and casualty insurance industry as a whole.

Adjective:

Relating to or associated with property and casualty insurance.

Usages:

Popular Usage:

• John purchased a property-casualty policy to safeguard his new home from potential damages caused by fire or theft.
• The property-casualty industry experienced significant growth in the past decade due to an increase in natural disasters.

Local Usage:

• In this town, property-casualty insurance coverage is particularly important due to frequent flooding from the nearby river.
• Our local insurance agent specializes in providing personalized property-casualty plans tailored to the specific needs of small businesses in our community.

Sample Sentences:

Noun:

1. The property-casualty policy covered the cost of repairing the damages caused by the hailstorm.
2. She decided to work in the property-casualty insurance industry to help people protect their assets.

Adjective:

1. The property-casualty claims adjuster assessed the extent of the damage caused by the accident.
2. Our agency offers comprehensive property-casualty insurance solutions to provide peace of mind to our clients.

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