Umbrella insurance provides coverage for losses above the limit of an underlying policy or policies such as homeowners and auto insurance. While it applies to losses over the dollar amount in the underlying policies, terms of coverage are sometimes broader than those of underlying policies.
Coverage for flood damage is available from the federal government under the National Flood Insurance Program but is sold by licensed insurance agents. Flood coverage is excluded under homeowners policies and many commercial property policies. However, flood damage is covered under the comprehensive portion of an auto insurance policy.
Watercraft insurance protects you against financial loss if you have an accident in your motorboat, jet ski, pontoon, sailboat, or any other watercraft. It protects theft, damage to your watercraft, and covers any medical costs relating to a watercraft accident.
Wedding insurance helps make things right when something goes wrong. You’ve always dreamed of planning the perfect wedding, but no matter how carefully you plan it, there are many things that can go wrong—things that are beyond your control.
What if your reception venue goes out of business a month before the wedding, and you lose your deposit and have to find another location? … Or a hurricane causes your wedding to be postponed? … What if your bridal shop closes, leaving you without a gown? … A wedding insurance policy can cover a variety of situations.
Inland Marine Insurance
Inland marine insurance indemnifies loss to moving or movable property. The property that is insured under inland marine coverage is typically one of the following:
- Actually in transit
- Held by a bailee
- At a fixed location that is an instrument of transportation
- A movable type of goods that is often at different locations
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