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Most Common Types of Personal Insurance

Personal insurance is a broad term used to describe certain types of insurance that help to cover the personal property and liability issues that an individual may face. Each individual’s personal insurance needs will vary. These needs depend on a number of factors, such as the type of property an individual is responsible for and the types of work or other activities an individual is involved in that may create certain liabilities. Being evaluated by an insurance professional is a critical component of staying personally, legally, and financially protected. Contact us to discuss which types of personal insurance you may benefit from.

Auto Insurance

Auto insurance is one of the most popular types of broad personal insurance. This is mainly because some form of auto insurance is required by each state, with laws that vary among states. Even those who rent or lease automobiles are required to have some sort of auto insurance coverage in place to protect from injuries and accidents that may occur on and off the road.

Types of Auto Insurance

There are several types and combinations of auto insurance available to drivers. These types of auto insurance are available to protect an individual’s property and liability, as well as any medical issues to drivers or other individuals as a result of an auto accident. The needs of each driver will depend on a number of factors, which is why it’s important for drivers to be evaluated by an insurance agent to determine which forms are most appropriate.

Common types of auto insurance include:

  • Liability insurance
  • Collision coverage
  • Comprehensive coverage
  • Personal injury protection
  • Uninsured and underinsured motorist protection

Homeowners Insurance

While homeowners insurance is not necessarily required in all areas, it is highly recommended. This is especially true for homeowners who live in certain areas that may present more risks to home damage, such as areas where hurricanes or earthquakes are more common than other areas. Apart from the value of the home itself, homeowners insurance is an important factor to protect all of the valuable belongings that are kept inside the home.

Homeowners insurance can help to protect from potential issues such as:

  • Loss or damage from fires or lightning
  • Vandalism and other types of malicious mischief
  • Snow, ice, or sleet
  • Falling objects that cause damage
  • Damage caused by faulty or damaged domestic appliances
  • Theft or damage of personal belongings, such as jewelry, antiques, and art

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