Principles of Insurance (Part 2)
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Personal lines v. commercial lines

Not only can insurance be sorted by specific lines of coverage such as life and property, but it can also be classed into two broad categories: personal lines and commercials lines. Let's take a brief look at these two lines.

Personal lines
The category of personal lines of insurance is designed to protect individuals for loss to their own personal property.

There are several types of personal lines insurance contracts including the following:
  • Dwelling Fire
  • Homeowners
  • Tenants Homeowners
  • Condominium Home
  • Personal Auto
  • Recreational Vehicles
  • Personal Umbrella
  • Personal Floaters
  • Earthquake
  • Flood

    Commercial lines
    The category of commercial lines of insurance deals with property owned by businesses and liability exposures unique to a business including such coverages as:
  • Commercial Property
  • Commercial Liability
  • Crime
  • Inland Marine
  • Boiler & Machinery
  • Business Auto & Garage
  • Flood
  • Difference In Conditions (DIC)
  • Workers Compensation
  • Professional Liability
  • International Insurance
  • Specialty Lines


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    Not only are policy forms, clauses, rules and court decisions constantly changing, but forms vary from company to company and state to state. This material is intended as a general guideline and might not apply to a specific situation. The authors, LunchTimeCE, Inc., CEfreedom, and Insurance Skills Center, and any organization for whom this course is administered will have neither liability nor responsibility to any person or entity with respect to any loss or damage alleged to be caused directly or indirectly as a result of information contained in this course.