You should always consult your insurance agent when you are in need of coverage. Some of the insurance policies that are available may not be known to you. You might not be aware of all the policies available to you.
Different types of coverage
You should contact your insurance agent to see if they provide the coverage you require. These policies are not offered by all underwriters. These supplementary policies may only be available from certain agents.
You may want to consider purchasing a “pet liability plan” if you own a pet. Even though you may think your dog would never hurt anyone, it is possible. According to the Insurance Information Institute (III), half of all incidents occur on the property owner’s land. The homeowner’s insurance may cover medical expenses, but there are complications when the incident occurs away from home. A dog bite insurance policy can help you deal with any unexpected problems.
Flood insurance is a must for those who live near the coast. It protects you from flood damage. Most homeowners are unaware that their homeowner’s insurance does not cover flood damage. It is therefore important to buy these policies separately.
Your surviving family can use the money from your burial coverage to cover your funeral costs. The cost of the policy is minimal, only a few dollars per week or month. It is rare for this policy to be sold by a traditional insurance company. Either you will have to purchase through a broker, or a funeral home.
Personal electronic equipment insurance offers you greater protection than a standard homeowner’s policy. The traditional homeowner’s plan will not cover damages caused by incorrect installation. These programs cover the repair or replacement for electronics like computers, stereos and televisions.
You may want to consider supplemental insurance if you own expensive items such as jewelry or electronics. Your homeowners policy covers some items, but not all.
Some companies offer short-term disability to their full-time staff. If your company does not fall into this category, you may want to consider adding short-term disability. The medical plans cover hospital and doctor bills, but not the normal monthly bills. You should look into short-term disability plans to avoid falling behind on your bills.
Research and understanding the various types of insurance coverage is important. An insurance agency can help you find the information you need if you’re unsure.