A personal lines policy would likely cover which of the following?

A personal lines policy is specifically designed to provide coverage for individuals and families, focusing on personal property and personal liability. This type of policy typically includes insurance for personal automobiles, homeowner's policies, renters insurance, and possibly even personal umbrella insurance.

In the context of the question, personal automobiles and homeowner's properties fall squarely within these coverage categories, as both are fundamental aspects of personal lines insurance. Personal automobile insurance protects individuals against losses related to their vehicles, while homeowner's insurance provides coverage for losses or damages to an individual's home and personal belongings within it, as well as liability for injuries occurring on the property.

The other options refer to categories that are more aligned with commercial or business insurance. Commercial property and income loss, business liability and environmental risks, and warehouse property and transit risks all relate to business operations rather than personal insurance needs, highlighting why they do not fit under the umbrella of personal lines policies.