Final answer:
Property-casualty insurance provides coverage for damages to property or injury to other people caused by the insured party. Three prevalent examples are auto insurance, homeowners insurance, and commercial property insurance.
Step-by-step explanation:
Property-casualty insurance refers to a type of insurance that provides coverage for damages to property or injury to other people caused by the insured party. Here are three prevalent examples of property-casualty insurance:
- Auto insurance: This type of insurance covers damages to a vehicle and liability for injuries or damages caused by the insured driver. It is mandatory in most states.
- Homeowners insurance: Homeowners insurance protects against damages to a home and its contents caused by covered perils like fire, theft, or natural disasters.
- Commercial property insurance: This type of insurance is for businesses and covers their property, equipment, and inventory against damage or loss.