What is the primary purpose of personal lines insurance?

The primary purpose of personal lines insurance is to provide coverage for individuals against losses or damages. This type of insurance is specifically designed to address the risks faced by individuals and families in their personal lives. It encompasses various policies, such as homeowners insurance, auto insurance, and renters insurance, which offer financial protection against events like theft, damage, liability, and accidents. Personal lines insurance focuses on safeguarding personal assets and ensuring individuals have a safety net in the event of unforeseen circumstances.

In contrast, the other options cater to different aspects of insurance and do not align with the focus of personal lines. For example, covering business losses and damages deals with commercial insurance aimed at businesses, insuring commercial vehicles pertains to fleet insurance intended for business use, and protecting against health-related expenses falls under health insurance, which is distinct from the personal lines category.