In today’s overly litigious society, it’s important to be protected. If you are ever sued, your standard homeowners or auto policy will provide you with some liability coverage, paying for judgements against you and your attorney’s fees, up to a limit set in the policy. However, you may want to have an extra layer of liability protection. That’s what a personal umbrella liability policy provides.
Homeowners insurance has many purposes. It can provide you from being reliable in case of injury or accident on your property or in your home. Here are a few reasons why you need homeowner’s insurance.
Besides the big three – health, home and life insurance – the world of insurance is a murky one. Just about everyone follows the general rule that you should insure the things you can’t afford to lose, but it isn’t always easy to know which types of insurance you need. While taking stock of what you already have, here are three types of insurance coverage you may not have but really should.
One of the biggest mistakes tenants make as renters is assuming that their landlord’s insurance will cover their belongs in the event of loss, theft or damage. It’s important to read the fine print of the lease you are signing. While you might naturally think your landlord would pay for damage due to a leaky roof or busted pipes, a clause in your lease might say otherwise. Theft or injuries to a guest while visiting your house are also cause for concern, which is why renters’ insurance is important.