What is the definition of Personal Lines?
Personal Lines refer to personal products designed, produced for and brought by individuals, who would like to protect themselves against personal risks or causes of loss. These are property and casualty insurance products like auto insurance policies and homeowners insurance policies.
A brief rundown of personal lines products include:
Automobile insurance: This would include not just cars, but RVs, snowmobiles, motorcycles and so on.
Homeowners insurance: This would include coverage for primary residences, flats, apartments, condominiums, cooperatives, summer homes and waterfront properties. You can also include floaters for personal items.
Watercraft: This would cover any type of watercraft such as yachts, motor boats, sailboats and canoes. There are also some insurance coverage offered to jet skis and other similar recreational watercraft.
Personal umbrellas: This would include additional coverage for all liability policies so as to protect personal assets.
| Not a bit | Very useful |
- Point-of-Service Plan
- Policy
- Policy Dividend Options
- Policyholders’ Surplus
- Political Risk Insurance
- Pollution Insurance
- Pool
- Pre-Existing Condition
- Preferred Provider Organization
- Preferred Risk Class
- Personal Injury Protection Coverage (PIP)
- Personal Articles Floater
- Period Certain
- Peril
- Per Stirpes Beneficiary Designation
- Per Capita Beneficiary Designation
- Pension
- Pension Benefit Guaranty Corporation
- Payout Options
- Pay-At-The-Pump