Insurance Coverage

Homeowners insurance coverage provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.  Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. Damage caused by most disasters is covered but there are exceptions. The most significant is damage caused by floods and poor maintenance. You must buy a separate policy for flood coverage. Maintenance-related problems are the homeowners' responsibility.

Flood insurance coverage Anywhere it rains, it can flood. A flood is a general and temporary condition where two or more acres of normally dry land or two or more properties are inundated by water or mudflow. Many conditions can result in a flood: hurricanes, overtopped levees, outdated or clogged drainage systems and rapid accumulation of rainfall.  Your homeowners insurance will not protect you in case of a flood.  You must purchase a  separate flood policy.                        

Auto insurance coverage  protects you against financial loss if you have an accident. It is a contract between you and the insurance company. Auto insurance provides property, liability and medical coverage: Property coverage pays for damage to or theft of your car. Liability coverage pays for your legal responsibility to others for bodily injury or property damage. Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.                  

Umbrella insurance coverage provides an additional layer of personal liability protection. A single policy covers all underlying policies you own (auto, home, motorcycle, boat, etc.) and kicks in if the liability limits on these policies are exhausted.   Umbrella insurance typically provides $1,000,000 or more in personal liability protection.

Liability insurance coverage is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims. General Liability insurance can be utilized by an insured to protect against legal claims arising from personal or business pursuits.