What Types of Insurance Do I Need?

Regardless of responsible planning and personal risk mitigation, you and your family may eventually face unexpected situations that exceed your financial limitations. Your home, personal belongings, health and other aspects of your life could all be imperiled by various incidents and situations. At Florida Insurance Group, we’re equipped with the knowledge and experience to help you acquire important types of insurance and maintain coverage that can protect you financially in such scenarios.

Key Types of Personal Lines Coverage

Personal lines insurance refers to types of coverage intended for individuals and families. While your exact coverage needs may vary depending on your unique circumstances, you may find value in the following types of policies at some point throughout your life:

• Homeowners insurance—Also known as home insurance, these policies can provide multifaceted coverage, including for your home’s structural elements and personal belongings. Standard policies also typically include personal liability coverage, which can help pay for third-party losses for which you’re at fault.

• Auto insurance—If you own a vehicle, this coverage is necessary for financial security and is usually required by law. In the wake of accidents or other incidents involving your car, your policy may help pay for various costs and expenses, including repairs and other parties’ losses, if you were the at-fault party.

• Renters insurance—These policies can provide similar coverage as homeowners insurance but typically do not include coverage for the physical structure of your home, which is usually covered by a landlord’s insurance.

• Health insurance—You and your family will likely require medical aid at some point. Whether seeking preventive services, emergency care or medical products, such as prescription drugs, the right health insurance plan can help and limit costs that might otherwise keep you from getting the help you need.

• Life insurance—This type of insurance can establish a financial safety net for you and your family. Should an insured person die, their beneficiaries can submit a claim for a policy’s death benefit, which may be critical in allowing them to manage funeral costs, lost income and other expenses.

We’re Here to Help

To learn more about ideal personal lines insurance options near you, contact Florida Insurance Group today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.