When it comes to understanding the different types of insurance, there are areas of overlap that can get confusing. Personal insurance is a type of policy many consumers misunderstand because it applies to different forms of coverage, and most people already have it within their various policies. Below is an overview of exactly what falls under personal insurance. 

Important Facts to Know About Personal Insurance

What Personal Insurance Is

Personal insurance is a blanket term that applies to any type of liability coverage that protects you from damages that stem from a number of situations. For instance, if you accidentally cause damage to someone else’s property, you could be held liable for damages, including remuneration for property and bodily harm. Personal insurance kicks in so that you don’t face liability damages. 

Why It’s Different From Other Types of Coverage

Most types of insurance apply to very specific belongings, such as your vehicle, home, or jewelry. Personal insurance protects you from any damages you incur so that you can avoid being sued. In essence, it’s a way to protect your primary asset, which is yourself. If someone is hurt within your home, the liability portion of your homeowners policy will provide coverage so that medical payments and other damages can be made. Think of it as a coverage that applies to situations, not personal belongings. 

How to Know if You Have it

Personal insurance can be found within various policies you likely already carry. For instance, the liability insurance within your homeowners, renters, or auto insurance is the personal portion of coverage within those policies. Another popular policy is umbrella insurance. In the event damages exceed the amount of your auto insurance, for instance, the umbrella insurance then kicks in to provide additional coverage to you in order to avoid liability and lawsuits. 

Knowing that you have the right coverage for your needs isn’t always easy. That’s why speaking with a qualified insurance agent will help you find the best policies at the lowest rates. The professional team at The Ebert Agency has been serving the Baldwin County, AL, community since 1928. Family-run for three generations, their qualified agents will help you understand the ins and outs of your coverage and give you a newfound peace of mind. Call them today at (251) 943-2281 or visit their website for more information.