VIP Personal Lines
The biggest asset for most people is their home. Lose that, and you will likely lose a big part, if not most, of your net worth. Even if you don’t own, but rent, you can still easily lose all your belongings in a sudden fire. That’s where homeowners and renters insurance comes into play.
Homeowners insurance will protect your property whether it’s a ranch in the country or a condo in the city. Homeowners insurance will not only cover a home structure, it will cover the contents as well. Of course, all of this depends on how much coverage you purchase and whether you have any add-ons, known as endorsements, attached to your policy.
Homeowners insurance also covers you for liability should someone be injured on your property. It will also cover damage to some of your possessions that are not located at your home. This includes damaged luggage on a trip or property stolen from your car.
One thing homeowners insurance doesn’t cover is damage from floods. So if you have a home in a low-lying area that may be vulnerable to rising water, ask your Insuramax insurance agent about purchasing flood insurance.
The most important thing about homeowners insurance is to have adequate coverage. If you do not purchase enough insurance, your home may not be totally covered. For that reason, you may want to look into a policy that increases your coverage limits at the rate of inflation.
Of course if you’re a renter, you will want insurance to cover the value of your possessions. (The landlord’s insurance only covers the structure—not your contents.) You’ll also need renters insurance for liability coverage in case someone is injured in the apartment or house you rent.
Because everyone’s needs are not the same, it is best to consult an Insuramax insurance agent to help assess your needs and find the insurance policy that is right for you.
Driving provides every individual a sense of freedom, but with every freedom there are responsibilities. The most important responsibility while driving is the safety of yourself, of your passengers, fellow drivers and your surroundings. Auto insurance helps you live up to that responsibility by ensuring your ability to cover the expense of potential damages or injuries.
Auto insurance also protects the investment in your vehicle and offers a means to manage unexpected expenses due to an accident, vandalism or theft. After all, an accident is just that, an unplanned event.