Types of Insurance Coverage You Should Have
1. Renters or Homeowners Insurance A homeowners policy should whatsmind have extended dwelling coverage. The extended dwelling coverage will add extra protection beyond your policy limits. Insurance will rebuild or replace your property even if the costs go beyond the policy’s coverage. Yet, there’s a limit to what they will pay. Usually, it’s 25 percent above the amount insured unless you get more coverage. If your home’s value is higher, consider getting extended dwelling coverage. Talk to your agent about the policy. Some policies will provide flood insurance. Flood insurance’s excluded from most policies, and it’s different from water backup protection. Earthquake coverage may not get included, depending on where you live. Are you a renter? Consider getting insurance. Insurance can help protect you as a renter in the event of a fire, burglary, or flood. Talk to an agent who will help you understand the different insurance options. 2. Consider Getting Auto Insurance It would help