Fire (for the replacement cost of the structure and belongings)
(if the property is anywhere close to a flood area. Even some areas that are not considered flood areas will flood.)
I would always recomend an Umbrella Policy of at least 1M. A lot of people say I do not have much, so I do not need a lot of Insurance. If there is accident and you are not properly insured. You could be paying upto 49% of your wages for a very long time. That is what most people forget about. Wages are typically your most valueable asset.
Insurance is one of those things that seems expensive until you need it. Then it is the cheapest thing you will ever buy.
Call me if you would like a personal review of your current and future Insurance needs.
J.E. Collins Insurance Agency
Home-Auto-Umbrella & Toys
Over 23 years of experience
in Real Estate Services
Insurance / Mortgage Training
Dept. of Insurance # 0H71400
Dept. Real Estate # 0104820
it's always a good idea to understand what types of insurance you need and how much. Otherwise you might be spending money on insurance that isn't even relevant, and not on areas that you need. Umbrella policies, riders...there's alot to understand. Call Vickie.