Homeowner’s insurance is designed to protect that investment by insuring the actual structure or structures and the personal possessions in and around them, and providing liability protection for the residents.
Four main types of auto insurance are available: liability, uninsured or underinsured motorist, collision and comprehensive, and personal injury. Most states require drivers to carry certain types of auto insurance.
One way to help protect your assets from settlements that exceed the coverage limits of your homeowner’s and auto policies is to purchase personal umbrella liability insurance, which provides an extra layer of protection.
Recreational boat insurance is similar to auto insurance. You can purchase liability coverage, physical damage, medical payments, uninsured boater coverage, and legal defense coverage.
Homeowner policies set limits for replacing personal property so you may want to consider additional coverage for valuable possessions such as jewelry, fine art and antiques.
Individuals seeking medical coverage on their own can explore purchasing an individual health insurance policy from one of three general classifications of medical insurance plans.