Hawaii Adjuster's Exam Practice 2025 – Comprehensive Study Guide

Personal insurance is designed to protect individuals’ financial interests rather than specific properties. This type of insurance typically covers a range of personal risks, including but not limited to life, health, and personal liability. It follows the individual, meaning that the coverage is attached to the person and applies regardless of the specific property they may own or use at a given time.

For instance, personal insurance could include personal liability coverage, which provides protection if the insured is found liable for injuries or damages to others, regardless of whether it occurs on their property or elsewhere. This individual-centered approach allows for a broader application of coverage, accommodating various life circumstances.

In contrast, other insurance types focus primarily on protecting specific assets or properties rather than the individuals themselves. Homeowners insurance is property-specific, covering a residence and its contents. Liability insurance can cover individuals, but it often operates within the context of specific events or activities rather than broadly following the person. Commercial property insurance is specifically geared toward businesses and their assets, emphasizing coverage for business-related properties rather than personal protection.