Bespoke Wealth Management, Inc.
Homeowner’s insurance is a type of property insurance that covers a private residence. It is an insurance policy that combines, losses occurring to one’s home, its contents, loss of use (additional living expenses), or loss of other personal possessions, as well as liability insurance for accidents that may happen at the home.
Renters’ insurance is an insurance policy that provides coverage for tenants. Renters’ insurance does not include coverage for the dwelling but it does provide coverage for personal property as well as liability insurance.
Condo insurance policies cover the interior of the unit and personal property inside, commonly known as “walls in” coverage. Condo insurance is designed specifically for condo or co-op owners.
Auto insurance provides property, liability and medical coverage. Property coverage pays for damage to your car. Liability coverage pays for your legal responsibility to others for bodily injury or property damage. Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
BUILDER'S RISK INSURANCE
Builders risk insurance is an insurance policy that protects a person's insurable interest in materials, fixtures and/or equipment awaiting installation during the construction or renovation of a building.
Flood insurance is coverage against property loss from flooding.
An umbrella liability policy is an insurance policy that provide additional amount of insurance over your current policy limits for increased liability protection over your home, auto or watercraft.
BOAT & YACHT
Most small boats can be covered for damages under homeowners or renters insurance policies. But larger and faster boats such as yachts, and personal watercraft such as jet skis/wave runners require a separate insurance policy. For physical loss or damage, coverage includes the hull, machinery, fittings, furnishings and permanently attached equipment. These policies also provide broader liability protection.
JEWELERY & ART COLLECTION INSURANCE
Valuable Items coverage increases coverage for possessions of higher monetary value, such as a diamond engagement ring, your father’s pocket watch, artwork, or a valuable collection.