What needs to be insured, and why?

The deductible is what you pay before your insurance company starts to pay their portion of the claim. It is a set amount that you choose when you get your policy.

Higher deductibles mean lower premiums (or monthly payments) however you will also want to make sure your deductible is affordable for you in case of an emergency. 

Liability means they will not repair or replace your own vehicle. Liability covers those around you, but does not cover your own vehicle. 

Comprehensive means that you are covered for losses not caused by accidents or collisions. This could include falling trees, flooding, fires, theft and/or vandalism. 

Full coverage includes liability and comprehensive but also includes a third category called collision which means coverage when your auto hits or is hit by another auto. 

The best option is to insure your house for replacement cost. This accounts for inflation. If you are not sure what your replacement cost is, your agent has the tools to run a replacement cost estimator for you to figure this number out.

Your landlord's insurance is to cover the structure that they own. In other words, if the building burns, their insurance replaces their building but does not replace your stuff. Renter's insurance will provide replacement of your belongings. Renter's insurance will also provide you with liability coverage in case anyone is injured on the premises. 

You want to make sure all your assets are covered from damage that can occur even when you are not using them. Also, keeping insurance on them prevents higher premiums (monthly payments) caused by a lapse of insurance. Your agent probably will ask you how often you ride or use it, and this is how the premium will adjust for the time you do not. 

An umbrella extends the amount of existing liability coverage. 

The amount of personal property coverage on your homeowner's or renter's policies will cover these items, however we recommend that anything expensive be specifically scheduled, or in other words listed out on the policy. We can help with this!