• Get a Quote
  • Home
  • Policy Type
    • Commercial
    • Investment Property
    • Personal
      • Homeowners and Renters Insurance
      • Auto Insurance
    • Rep & Warranty
  • About
    • Our Approach
    • Our Team
    • Our Carriers
  • Industry Expertise
  • Blog

(614) 319-3501

Fundamentals of Rep and Warranty Insurance
December 9, 2021
Actual Cash Value Vs. Replacement Cost
February 17, 2022
Categories
  • Personal Insurance
Tags
  • Homeowners Insurance
  • Liability Coverage
  • Personal Insurance
  • Property Coverage
  • Renters Insurance

Do You Have Proper Personal Insurance?

Whatever goals you have for the new year, insurance can be an important financial necessity that ultimately helps you achieve them. But sometimes, it’s hard to know where to start. How do you know if you have proper insurance?

We’ve put together a friendly list of questions to help you determine whether you need to review or update your current personal insurance policies. There are 5 key areas within personal insurance that this checklist will be evaluating:

Auto:

Every driver needs liability and property protection in case you experience an accident. Auto Insurance covers 2 main vehicle-related risks – (1) The risk of you damaging someone’s vehicle or property and/or causing injury to them and (2) The risk of others damaging your vehicle and/or causing harm to you.

Home:

Every homeowner’s policy describes a melting pot of various coverages to address and protect the actual property, liabilities while living on the property, and financial help in case a covered event damages or forces you out of your home.

Investment Properties:

This insurance provides property and liability coverage to those who lease a second home or a portion of their personal home. You have the same risks of homeownership with the added risk of tenants. This means your policy requires both a personal and business approach.

Life:

Life Insurance is a contract between you (policyholder) and an insurance company. The policyholder pays the insurance company premiums (or payments) during their lifetime in exchange for a guarantee that the insurance company will give a sum of money upon death (known as a “death benefit”) to named beneficiaries.

Extra Liability:

Frequently referred to as Umbrella Insurance, this is liability coverage for claims that surpass personal policy limits. It can provide an overflow of coverage for homeowner, auto, renters, watercraft, and other personal policies. It’s favored for offering broader coverage that your primary policies may not cover.

Personal Insurance Checklist

Did you discover any gaps? Connect with an expert to update your personal insurance needs.

Connect With an Expert



Share
12

Related posts

April 7, 2022

Collateral Assignment of Life Insurance


Read more
March 2, 2022

Motorcycle Insurance 101


Read more
February 17, 2022

Actual Cash Value Vs. Replacement Cost


Read more

Quick Links

  • Home
  • Blog
  • About Us
  • Privacy Policy
  • Terms & Conditions

Heritage Insurance Advisors

25 North St. , Mailbox #12
Dublin, OH 43017

  • aoswalt@heritageia.com

  • service@hia-oh.com

  • 614-319-3501 (Office)

  • 614-450-0674 (Fax)

© 2020 Heritage Insurance Advisors. All rights reserved.