Property/casualty insurance. Earlier, Quotes Chimp touched on first-per�son and third-party losses. Property/casualty (liability) insurance generally covers both. A good example of this is a homeowner's policy, which protects a dwelling from the hazards of fire and other forms of destruction. But homeowner's policies also provide for protection against liability�for example, if your dog bites the mailman. As you will see, this is not the only case where one insurance policy protects against a wide variety of losses. Property and liability insurance will be discussed in Part 2 and Part 4.
