There are several different types of additional home coverage that you may wish to investigate. First, there is umbrella liability insurance. With the large number of lawsuits being filed today and the large amounts of money the courts are awarding, for many families, an umbrella policy takes over where homeowner's coverage leaves off. It can be used to increase your coverage to one million dollars or more. Another type of coverage available is earthquake insurance. It is generally not included in standard policies, but is available for an additional cost. The cost will differ depending on the area where you live and the corresponding risk that the insurance company assumes. Homeowners' might also want to look into flood insurance. Compensation for losses resulting from floods are also not included within the basic homeowner's policy and like earthquake coverage, cost for this special insurance will depend on geographical area and assumed risk. For more information about special insurance policies, contact an insurance agent in your area.
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