PERSONAL INSURANCE

What is Personal Liability Insurance?

A personal insurance policy is designed to provide protection for personal items that might not be covered by other types of insurance policies, including renters’ insurance or a home policy. In many cases, a renter’s or homeowner’s policy might not provide protection for personal items or only provide protection up to a certain limit. Personal insurance can provide the additional protection you need. A personal insurance policy might cover such items as cameras, collectibles, computer equipment, fine art, furs, jewelry, medical devices, musical instruments, sports equipment, and silverware. Personal insurance policies may have various features, including worldwide coverage. This means that coverage for covered items applies anywhere in the world, including when you travel on vacation or travel on business. A personal insurance policy may also include a replacement cost coverage feature without any type of deduction for depreciation. Replacement cost coverage also insures against accident direct physical damage and theft.