Personal insurance comes into play when you are going through a rough patch in your life and you do not know how to cope with the situation. As it is a famous saying, it is better to prepare than to regret. In today’s article, we will be listing down the types of personal insurance you must have to be stress-free when an unfortunate event happens.
Some people call homeowners insurance or home insurance a luxury but it is actually a necessity. Home insurance covers your damages in case of damages or theft to your home. Also, homeowner’s insurance is the requirement of the mortgage companies equal to the fair value of your property. Even if you do not own a home, some landlords require renters insurance if you want to live on rent.
Auto Insurance / Motorcycle Insurance
When you hit the road in your vehicle, you never know what is going to happen so it is very important to have vehicle insurance or motorcycle insurance. This kind of personal insurance covers you in case of theft or damages and legal liability that arises from an accident. In some jurisdictions, you cannot drive if you do not have vehicle insurance and/or motorcycle insurance. So if you own a vehicle and you want to play safe it is important to have this type of personal insurance to avoid financial stress in case of an accident.
Flood insurance is the type of property insurance that covers damages to your property, caused by water overflow due to flooding. This type of personal insurance is effective in areas where there are high chances of flood. As a result, there is more risk of damage to your property in such areas. Even if you are not in such an area, it’s wise to have flood insurance because due to climate change, no area is secured. Floods can occur due to unexpected heavy rainfall or glacier melting, or river overflow.
Windstorm insurance comes under storm insurance which pays for the damages to your property in case of hail, winds, and other lethal storms. It is often offered as a rider with the main insurance policy that you have for your property.
If you are in Houston, Texas, and looking for affordable insurance companies nearby, call us at (713) 947 3434. Get a quote from us to get the best insurance coverage for yourself or your property.