Additional Personal Insurance
Beyond the more foundational (and often required) types of personal insurance, many types of policies provide coverage for events in and phases of life that are outside the limits of your underlying coverage. These additioal personal insurance coverages can provide peace of mind in case of an uncommon loss event to you and your family.
Do you have children?
Are you hosting an upcoming event?
Are you planning to take a vacation, domestic or international?
Does the value of certain personal items exceed your homeowner’s policy limits?
Do you need to reduce the financial burden of aging?
Are you concerned about retirement income?
How risk-adverse are you?
Expense Incurred / Value
Financial Position / Net Worth
These are just some of the many factors used to determine the best policy for your unique insurance needs.
Additional Insurance Coverages
Protect yourself over and above your underlying insurance policies that might not cover these more specialized areas of risk.
Coverage designed to an extra layer of personal liability protection for the insured and members of their household that will respond to a loss over and above the primary (or underlying) policy. Generally, primary policies include auto, home, watercraft, and personal liability.
Event liability coverage protects expenses resulting from or related to an event such as medical bills, legal fees, replacement of lost or damaged property, and even the cost of postponing or canceling the event. It can also protect you against lawsuits and claims.
Coverage to protect high-value items in case of damage, loss, or theft. It provides coverage for items that often exceed the limits of a standard homeowner’s insurance policy, including jewelry, fine art, antiques, and collectibles.
Coverage for unseen medical events incurred while traveling. Most domestic health insurance plans provide little or no coverage when traveling abroad. Travel insurance can cover medical expenses for hospital costs, physician fees, and even emergency evacuations.
Aids in recovering from an internet-based crime, such as cyberbullying, online fraud, or a personal data breach. Cyber coverage can be added to your homeowners policy or issued as a stand-alone policy.
Financial protection to help cover the costs of services needed as we age, which may include nursing homes, home health aides, and other medical and non-medical care. Some policies may offer additional benefits, such as care coordination and caregiver support services.
In the event of an injury that prevents you from performing your job, long-term disability provides a percentage of your previous income, typically between 50-70%, payable over a period of time (usually two years or longer), to cover necessary expenses, such as mortgage or rent, car payments, and medical bills.
This financial product that provides regular, predictable payments to an investor over a specified period of time, typically until the end of the investor’s life. The payment amounts are based on a predetermined interest rate that is guaranteed by the insurance company at the time of purchase.
NEED MORE COVERAGE?
Do you have a question about coverage for an asset or liability that you don’t see above? Odds are that if you want to protect it, we can cover it. Please let us know and we will be happy to provide answers and/or quotes to meet your insurance needs.