Don’t Get Caught Off Guard: Your Must-Know Guide to Personal Insurance Protection from Consumer Insurance Services Inc.

The Ultimate Personal Insurance Checklist: Coverage You Can’t Skip

When building your personal safety net, some coverages are simply non-negotiable. Don’t skip these essential protections, as they safeguard your financial future from catastrophic loss.1. High Liability Limits on Auto and Home: State minimums are often too low. Ensure your limits are high enough to cover your total assets and potential earnings in the event of a major lawsuit.
2. Catastrophic Protection with an Umbrella Policy: An umbrella policy provides an extra layer of liability coverage that kicks in when the limits of your primary policies are exhausted, protecting your wealth from devastating claims.
3. Replacement Cost Value (RCV) on Home/Renters Insurance: RCV ensures you get the full cost to rebuild or replace property with new materials, unlike Actual Cash Value which deducts for depreciation.
4. Uninsured/Underinsured Motorist (UM/UIM) Coverage: This is critical auto coverage that protects you and your family for medical bills and lost wages if you are injured by a driver with insufficient or no insurance.