What is the definition of personal insurance?

Personal insurance lines help protect individuals from potential losses they could not afford to cover on their own and makes it possible to do things like drive a car and own a home without risking financial hardship or ruin.

Personal insurance lines include mainly:

  • Homeowner’s insurance
  • Motor insurance
  • Health insurance
  • Life and disability insurance

These products protect individuals and families against potentially crushing financial losses caused by fire, theft, natural disasters, death, accidents, lawsuits and illness.