What type of insurance includes coverage for both property and liability?

Casualty insurance is designed to provide coverage for both property damage and liability. It encompasses a range of policies that protect against financial losses resulting from accidents, injuries, or other incidents that can cause harm to individuals or their property. This dual focus on property and liability makes casualty insurance essential for individuals and businesses seeking comprehensive protection against unforeseen events.

For instance, in the context of a business, casualty insurance can help cover damages to physical assets, such as buildings or equipment, while also providing liability protection in case someone is injured on the premises or if the business is held liable for damages caused to a third party. This integrated approach is why casualty insurance serves as an umbrella for various types of coverage that address both aspects simultaneously.

The other options represent different forms of insurance that do not combine both property and liability coverage in the same comprehensive way. Health insurance, for example, focuses solely on medical expenses and does not address property or liability concerns. Auto insurance, while it can include liability coverage for accidents, is specific to vehicles and does not cover other types of properties. Blanket insurance typically provides broad coverage for a specific type of property without layering liability coverage, making it different from the combined protections offered by casualty insurance.