Personal insurance is purchased by individuals or families for protection against possible losses that they could not recover from on their own. Their are many different personal insurane policies available and some are required by law. 

Personal insurance includes products such as homeowners insurance , renters insurance, flood insurance, earthquake insurance, umbrella insurance, automobile insurance, health insurance, and disability insurance.  

Check out the video below, Five big mistakes to avoid when making decisions about your insurance, by The Insurance Information Institute for tips on how to save money and still properly protect yourself.