Property, Casualty and Liability Insurance
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ABCs of Auto Insurance Sep 5, 2008
Today, most states require car owners to purchase auto insurance coverage. Whether you already have auto insurance or are considering buying some, you may be wondering how much is enough and which types of coverage you need. Here are a few tips to get you started.
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How Much Homeowners Insurance Coverage Should I Have? Sep 5, 2008
Homeowners insurance provides three-pronged coverage. First, it covers damage to your home (the dwelling itself). Second, it provides coverage for your personal property, both on and off the premises. Third, it provides liability protection for damages caused by your negligence. And although your mortgage lender will likely require you to have sufficient homeowners insurance to cover its interest in the property, you may need additional coverage to adequately protect yourself.
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How Much insurance Coverage Do I Need? Sep 5, 2008
All states have financial responsibility laws that either explicitly or in effect require you to purchase at least some auto insurance. However, there is often a large gap between the amount of coverage you're required to have and the amount of coverage you really need. Even in states with the most stringent requirements, many insurance professionals suggest that you have a broader scope of coverage (i.e., more types) than what the state mandates, and that your coverage limits in most areas exceed the required state minimums.
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Opening the Door to Homeowners Insurance Sep 5, 2008
Homeowners insurance can give you just the protection you need. It provides coverage if your home is damaged or destroyed. It also covers your family's possessions and provides you with compensation for liability claims, medical expenses, and other expenditures that result from property damage and bodily injury suffered by others.
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Umbrella Liability Insurance Sep 5, 2008
When your local weather forecaster tells you that it's going to rain, what do you do? That's easy--you reach for your umbrella. So why not purchase an umbrella that can protect you in stormy financial weather? Umbrella liability insurance (ULI) can do just that. By providing liability protection above and beyond the basic coverage that homeowners/renters and auto insurance policies offer, ULI can protect you against the catastrophic losses that can occur if you are sued.
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