When people think about insurance, most people think about the three most popular types of insurance: homeowners, automobile or life.

However, there are several other types of policies that you may want to consider:

A personal liability umbrella policy of at least $1 million – This is an extra layer of insurance (in addition to home and auto insurance) that protects anyone who may be at risk if they’re responsible for a serious accident. If a claim or lawsuit exceeds your liability coverage (most cover up to $500K), the person suing may go after your home or other assets to pay for the damage. Umbrella policies cover damage that you, your family or pets may have caused.

Identity fraud protection – Identity fraud has become a serious problem in today’s society. There are many expenses that are incurred during the cleanup process. Identity fraud protection covers lost wages for taking time off from work to deal with fraud; attorney’s fees to clear your name; notary/certified mailing costs for fraud affidavits; and phone charges for calling merchants and financial institutions to discuss the fraud. Most policies provide up to $15,000 in coverage and can be added to an existing homeowner’s policy at an average of $25 per year.

All Terrain Vehicle (ATV) policy – Most homeowners policies do not cover ATVs and many states require ATV insurance for vehicles operated on state-owned land. An ATV policy protects your investment from damage or theft.
Flood insurance - This is not covered under homeowner’s insurance; however, a separate policy for flood insurance can be purchased. Many people are under the misconception that you have to live by a body of water to have flood insurance, which is not true. Anyone can purchase flood insurance.

Metro Brokers Insurance strives to help customers understand their policies so they can protect their investments. Call your Metro Brokers Insurance agent for more information at 404.843.2500.