Personal lines insurance includes Car insurance, Home insurance, Travel Insurance, Pet insurance, Mobile insurance and any other types of Insurance not used for Business purposes.
Personal Lines are designed to insure common risks and have standard cover for everyone who is insured through the insurer. Example:-
Bill and Ben are brothers. Bill lives in South Wales and Ben lives in London. They both drive different cars and Bill lives in a spacious 3 bedroom house while Ben lives in a fancy apartment. They both use the same insurer and their policy for car and home insurance so they are covered for the same things although the premiums will be different according to the postcodes , type of car, previous claims history ect.
Of course extensions such as legal cover are available and I will talk about individual policies and the recommended extensions to go with them.
The best way to obtain personal lines insurance would be through your broker as they can ensure the cover meets your exact needs, highlight any exclusions or limitations to you and will recommend insurers that they now will perform when you need to claim. Your broker can also make the claim for you if they have a claims handling department and you would benefit from their experience as they deal with claims on a day to day basis.
If you decide to obtain the insurance yourself do research on the company to see if they are good at paying claims or ask a friend to recommend there insurance provider to you if they have had claims paid. Always check the policy before signing up to anything for exclusions or warranties that aren't covered, especially when signing up on comparison websites. Remember when something sounds too good to be true, it usually is so do your research.
Carry on reading as I will be writing on individual personal lines, what extensions to get how to ensure you get the best cover for your money.
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