When it comes to insurance, what you do not know or have coverage for can hurt you. Although you may have a comprehensive policy for your business and home, it is always a good idea for you to consider purchasing specialty insurance. If you are wondering what is specialty insurance, here is a brief overview of this type of policy.
Your home is a major investment and sometimes having a regular home insurance policy is not enough protection. If you live in an area where floods, storms, fires, and other adverse situations and weather occur more often than not, you definitely need to consider purchasing specialty insurance. Specialty insurance helps to financially protect your home should fire, lighting, hail, theft, vandalism, and smoke damage your property. It can also be used to provide personal liability coverage and pay for someone else’s medical expenses should they become injured on your property.
If by chance, your home or an attached structure, such as your garage or personal property are damaged in a manner that leaves your property uninhabitable for any amount of time, you may be able to recoup living and rental expenses.
Take a look at your current policy and take note of the coverage you have. If you are still not sure if you have enough coverage, contact an agent to learn what is specialty insurance and how you can get it.