Aaron Margosis has excellent set of posts on why and ho to run as LUA (non-admin). If you wander what's in it for you or have particular problem while running as non-admin, you owe it to yourself to read his blog.
Here's a short list of Aaron's posts on the topic:
First the “Why” posts:
Why you shouldn't run as admin...
"Zero-day" attacks and using limited privilege
Expect to see more malware predating the patches - and how you can protect yourself. (Or, "Why you shouldn't run as admin, Part 2")
And then the “How-To” posts:
The easiest way to run as non-admin
This is the really important one for your non-techie friends and relatives ...
"RunAs" basic (and intermediate) topics
A whole lot of detail about how to use "RunAs" to run programs under a different account.
RunAs with Explorer
How to get Windows Explorer to work with RunAs (and why you might want to).
MakeMeAdmin -- temporary admin for your Limited User account
How to quickly and temporarily give your non-admin account administrator privileges, without having to log out.
PrivBar -- An IE/Explorer toolbar to show current privilege level
A toolbar for Explorer and Internet Explorer that shows you broadly at what privilege level that particular instance is running