Agent, Rural Mutual Insurance Co., Union Grove, WI
This is really a question that each individual must answer for themselves. My personal recommendation for every homeowners is a homeowners policy with personal liability coverage and equipment breakdown coverage. I would also recommend that every homeowner carry umbrella insurance. Your exact coverages are something that only you can decide upon. To ensue that you are properly insured you should contact a local insurance agent to discuss your needs with.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
There are a few types of coverage to consider. First of course is a Homeowners' Insurance Policy. This will be required by your mortgage company and it provides broad loss coverage on your new home and your personal belongings as well as liability protection for you and your family in the event you happen to be legally responsible for someone's injury or damage to their property.
Next, and this may be required depending upon the location of your home, is Flood Insurance. Flood damage is NEVER covered under a homeowners' policy so if required, it means you are located in a higher risk flood zone. If not required it is still a good idea to consider.
Finally, look into Life Insurance to protect your family in the event you die before your mortgage is paid off.
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Next, and this may be required depending upon the location of your home, is Flood Insurance. Flood damage is NEVER covered under a homeowners' policy so if required, it means you are located in a higher risk flood zone. If not required it is still a good idea to consider.
Finally, look into Life Insurance to protect your family in the event you die before your mortgage is paid off.