Personal Insurance
Personal Insurance Options:
- Homeowners Insurance
- Auto Insurance
- Art, Jewelry & Collections Insurance
- Umbrella Insurance
- Renters
- Condo
- Motorcycle
- Boat, Yact, Jet ski & Marine Insurance
- Collector Car
- Flood
- Landlord
- Pet Insurance
What is personal insurance?
Personal lines insurance refers to any kind of insurance that covers individuals against loss that results from death, injury, or loss of property. These insurance lines generally protect people and their families from losses they couldn’t afford to cover on their own. Personal lines insurance makes it possible to do things such as driving a car and owning a home without risking financial ruin. This is not the same as commercial lines insurance, which provides property and casualty coverage for businesses.
Highlights:
- Personal insurance covers individuals against loss resulting from death, injury, or loss of property.
- Personal lines insurance makes it possible to do things such as driving a car and owning a home without risking financial ruin.
- Coverage generally depends on how much an individual is willing to pay in premiums.
- In some situations, individuals may not be able to purchase insurance because they pose too great a risk to the insurance company.
- Examples of personal lines insurance include homeowners insurance, earthquake insurance, renters insurance, car insurance, life insurance, health insurance, and disability insurance.
How Personal Insurance works?
Personal insurance is any type of insurance coverage purchased by an individual to cover themselves and their families. These policies protect against different kinds of personal risks that would lead to potentially crushing financial losses caused by fire, theft, natural disasters, death, accidents, lawsuits, and illness.
The amount of insurance coverage you can get generally depends on how much you are willing to pay in premiums. The more you are willing to pay, the more insurance you can obtain. Individuals can usually tailor each policy’s coverage and deductibles to strike the right balance between the amount of coverage and the cost of premiums. Premiums can also vary according to where you live.
Personal lines insurance won’t cover every risk an individual might face. However, it can dramatically reduce the policyholder's liability for damages and the dollar amount they might have to pay out of pocket to remedy an unfortunate situation.
