For many people, insurance can be challenging to comprehend. Most individuals are aware that insurance is required, but they often do not completely understand what they are purchasing or whether they are adequately insured.
Often, we find that people do not fully understand the many different kinds of personal insurance products and solutions that are available to them. That is why having an insurance agent on your side is critical.
A good representative will assist you in determining your insurance needs, educate you on your options, and explain in plain language the details of the insurance you are purchasing.
Typical Kinds of Personal Insurance
These are standard types of personal insurance products available today:
Less Common Personal Insurance Products
There are many unique kinds of personal insurance products and solutions you might need. A good agent will help you understand these products and review your individual situation to determine if you should have these policies as part of your personal insurance program.
Last-minute cancellations, stolen presents, or a destroyed gown are some of the mishaps that can be covered under a wedding insurance policy. This policy can also provide you a great deal of peace of mind considering the large monetary investment a wedding can be.
Cancellation, wedding gifts, special apparel, event damage, lost deposits, illness in the wedding party, and other expenses are all covered by wedding insurance.
Classic Car Insurance
A classic, collectible, or antique car is not like any other car, and standard auto insurance will not cover it if it is damaged or stolen. However, there is no universally accepted definition of a classic car. Coverage can include replacement value, transportation coverage, coverage for aftermarket parts, not-in-use provisions, and more.
Personal Umbrella Insurance
The best way to protect yourself and your family from all liability worries is to purchase umbrella coverage. This policy will give coverage beyond your homeowner's and auto insurance liability limitations. Umbrella policies provide the necessary coverage at the most affordable price.
Personal Articles Floater
Do you own an expensive ring, gun collection, art collection, or wine collection? Do you have a laptop computer that you carry around with you all the time? The expense of replacing goods like these might be rather high.
If you have any valuable personal items that you frequently use outside of your house, you might consider insuring them with a personal articles policy. Your current homeowner's insurance has limitations for these kinds of risks. Check with our office today.
Vacation or Rental Home Insurance
Vacation rental businesses such as VRBO and Airbnb are becoming increasingly popular. As a result, many people are turning to their primary home or vacation home to generate income as rental property.
Losses incurred when your house is rented out may not be covered by a regular homeowner's policy. It is possible that you will need a more specialized insurance policy.
According to the Social Security Administration, one out of every four 20-year-olds will become incapacitated before they reach the age of 67. Do you believe that a lifelong impairment would put you out of work?
Long-term disability insurance covers you if you are unable to work for an extended length of time due to illness or injury.
Identity Theft Insurance
Identity fraud is the unauthorized use of another person's personal information for the purpose of obtaining an illegal financial advantage. Identity theft insurance covers costs in resolving the aftermath of identity theft (such as canceling illegal accounts).
When the crime involves credit cards, the process is fairly straightforward. However, when fraud involves bank or institutional accounts, it is more complicated and often expensive.
Sixty percent of Americans own a pet of some kind, and many people often overlook the medical costs that come with pet ownership. According to the ASPCA, pet parents should expect at least two $2,000 to $4,000 emergency vet cost over their pet's lifespan.
Leap | Carpenter | Kemps Insurance Agency Can Help
Do you want a no-obligation Personal Insurance review to see if you have the appropriate coverage that you need? If so, then contact one of our independent insurance agents at (888) 461-9635 today!
Tell us about your exposures, and we'll write an article about how we would mitigate your risk.
Leap | Carpenter | Kemps Insurance Agency provides Commercial Business Insurance, Employee Benefits, Life and Health Insurance, and Personal Insurance to all of California, including Merced, Atwater, Los Banos, Mariposa, Madera, Fresno, Modesto, Turlock, and Stockton.
CA License Number 0646081 | Licensed to do business in California, Arizona, Hawaii, Idaho, Montana, Nevada, North Carolina, Oklahoma, Oregon, Virginia, West Virginia and Washington.