Basic insurance coverages are “sufficient,” until they’re not. Don’t wait for a major incident to realize that you should have purchased more when it comes to your auto, home, or other insurance coverage. By that time, it will be too late. Below are 3 Massachusetts insurance add-ons that to consider now.
GAP Insurance
Imagine you are in an accident and your car gets totaled. To make matters worst, the insurance coverage/payout for that totaled vehicle isn’t enough to pay the balance on your auto loan, leaving you with an added debt. This only adds more pain to an already difficult situation. GAP insurance was created for this precise scenario. It covers the “gap” between your vehicle’s loan balance and the amount you receive from insurance. The price for GAP coverage is usually minimal when added to your existing auto insurance policy.
Umbrella Policy
An umbrella insurance policy covers personal negligence. It provides coverage beyond what your home or auto insurance provides. Best of all, it is much less expensive than you may realize! Click here to read more about umbrella insurance and why it’s important and contact us for a quote.
Flood Insurance
Flood insurance is required if you’re ion a flood zone. However, just because you’re not in a flood zone doesn’t mean that your home won’t experience flooding! Whether it be from soil grading, a natural disaster, or some other unusual event, flooding can occur almost anywhere. Standard homeowner’s insurance policies do not cover any damage from flooding. Consider adding-on a flood policy as a precaution. If you do not live in a flood zone, coverage may not be as expensive as you imagined.
Other Massachusetts Insurance Add-ons to Consider
Are you missing out on other important coverages? Contact us for a review of your policies and a look into add-ons that can provide great value. Don’t forget to bundle your policies for maximum savings!
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