Liability coverage: Protects you financially if someone files a claim or lawsuit after getting hurt in your home or on your property. Contents coverage: Protects all of your possessions in the event of theft or natural disaster-related damage The amount of coverage you’ll need depends on a nu...
In a worst-case scenario where you hurt someone and don’t have insurance, you might have to declare bankruptcy to cover the victim’s medical costs. Mortgage insurance is mandatory because defaulting on a mortgage hurts the lender. The insurance you buy means the lender has protection in ...
It can also pay to defend you from lawsuits or cover medical bills for someone who gets hurt on your property. And if you can’t live at home after a covered disaster, your homeowners policy could pick up the tab for a hotel or rental. All your insurance info, all in one place. ...
Commercial umbrella Business owners’ policies …and they’re offered to every type of business, from warehouses to restaurants. Depending on your needs, you can also add coverage for: Sewer backup Employee dishonesty Electronic data processing Equipment removal Glass Read more: Mercury Insurance Revie...
“I recommend that every traveler gets a strong medical evacuation policy. When the worst-case scenario happens, you can get to a hospital of your choice at home. I really push this coverage for folks traveling in Mexico because it’s a short trip to a home hospital.” ...
A blanket property insurance policy may be ideal if you own multiple properties, whether they are residential, rental, or commercial. Any type of blanket policy, such as blanket medical insurance, should be evaluated on a case-by-case basis. That's why it's important to work with a knowled...
If someone gets hurt while on your property or your negligence causes bodily harm or damage to someone else’s property, your liability coverage could help pay for their expenses. There are many types of homeowners insurance. An HO-3 policy is the most common. Typically, coverage includes: ...
Similarly, renovations that install higher-end materials, such as marble in a bathroom or commercial-grade appliances in the kitchen, also increase your home's rebuilding costs—and, therefore, your premiums. Potential for Lower Premiums On the other hand, certain improvements could have the opposit...
Pet insurance covers treatment when your furry friend gets hurt or sick. As long as the animal’s condition is covered by your plan, your insurer will usually reimburse you for prescription medicine, surgery, diagnostic tests, hospitalization and emergency care. But beyond these ba...
“I needed capital to make some marketing changes. Yes, I received a nice lump sum payment, but losing the security of that monthly renewal income hurt us over the next few months as we tried to recover from the lost income. Residual income is one of the biggest advantages to working in...