HOME INSURANCE

Your home is probably the largest asset you own. Lose that, and you may lose part, if not most, of your net worth. Even if you don't own, but rent, you could easily lose all your belongings in a sudden fire. That's why homeowners insurance and renters insurance are a critical part of your financial planning package.

Homeowners insurance is coverage for the physical property you own, whether it is your residence or the contents thereof.

The amount of coverage needed will depend upon the value of your dwelling and furnishings. Endorsements are add-ons to your basic policy that provide additional coverage for items of special value. Homeowners insurance also covers liability should someone be injured on your property, damage to possessions not located in your residence, damaged luggage and property stolen from your vehicle.

Flood damage is usually not included in most homeowners' policies. If your home lies within a flood plain, you may want additional flood coverage.

Renters insurance covers the value of your belongings while you lease property from someone else. It also shields you from liability should someone be injured on the property.

Because everyone's needs are not the same, it is best to consult a W.W. Deal agent to assess your needs and find the insurance policy that is right for you.