These basic personal coverage lines protect your loved ones and your assets in the event of an accident, fire or other misfortune:
Homeowner Coverage – Whether you live in a condominium, a town home, or a single family home, you want to protect what is probably your biggest asset in the event of a fire or other catastrophe. This type of insurance covers the value of your home and its contents should calamity strike.
HINT: As your property value increases, be sure to evaluate whether you have adequate coverage.
Renter’s Coverage – Because most everything you own is probably in your apartment, you’ll want to insure your possessions in case of a fire, burglary or other catastrophe. While insurance won’t bring back that picture of Aunt Doris, it will mean you’ll have money to replace your clothes and belongings if they’re destroyed.
Automotive Coverage –There are a lot of bad drivers out there so we all know we need to insure our cars and other vehicles from damage resulting from a traffic accident. It’s also important to have insurance to cover you in case you damage another vehicle or cause bodily injury. Having money for
major medical expenses will also set your mind at ease.
Hint: Be sure to ask us whether your state requires you to have a minimum level of coverage, and whether you must also purchase coverage against uninsured and/or underinsured motorists
Umbrella Liability Coverage – If you have a personal net worth between $100,000 and $10,000,000, it pays to protect yourself, especially from legal suits, with an umbrella liability policy. This kind of liability policy kicks in after other existing liability policies are exhausted. Boat & Yacht Coverage – is similar to automotive insurance. If you’re lucky enough to own a boat or yacht, you’ll want to guard your investment and yourself from any liability, medical expenses or property damage that might result from a boating accident. Valuable Property Coverage – Do you know the value of things you own such as jewelry, furs, or collectibles? If not, you should consider getting them appraised, and protected with a special valuable property policy that itemizes and covers the value of your most cherished belongings.
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