When most people think about insurance, they typically associate it with covering major life events like car accidents, home fires, or medical emergencies. However, insurance can actually cover a wide range of unexpected and sometimes surprising things. Here are just a few examples of the things that insurance can cover that you may not have known about:
Event cancellation insurance:
This special type of insurance can protect you against unforeseen events that may cause you to cancel or postpone a concert, trade show, or other large event. This can include things like illness, natural disasters, or acts of terrorism. If you’re planning a major event, it’s worth considering event cancellation insurance to protect your investment.
Business interruption insurance:
If your business is forced to close due to a natural disaster or other unexpected event, business interruption insurance can help cover your lost income and expenses. This can include things like rent, salaries, and other ongoing costs. It can also cover the cost of temporary relocation or the purchase of essential equipment or supplies.
Just like humans, pets can get sick or injured and require medical attention. Pet insurance can help cover the costs of veterinary care, including exams, surgeries, and medications. Some policies even cover alternative therapies like acupuncture and chiropractic care.
While many homeowners insurance policies cover damage caused by fires, storms, and other natural disasters, they often exclude flood damage. If you live in an area prone to flooding, it’s important to consider purchasing a separate flood insurance policy to protect your home and possessions.
Identity theft insurance:
Identity theft is a growing concern, and it can be a nightmare to try and resolve. Identity theft insurance can help cover the costs of recovering from identity theft, including legal fees, credit monitoring, and identity restoration services. It can also provide access to a team of experts who can help you navigate the process of recovering your identity and repairing any damage that has been done.
If you’re planning a vacation, travel insurance can help protect you against a variety of unforeseen circumstances. This can include trip cancellations or interruptions due to illness or natural disasters, lost or stolen luggage, and medical emergencies while abroad. Travel insurance can also cover the cost of emergency evacuation, which can be especially important if you’re traveling to a remote or hazardous location.
Planning a wedding is a big investment, and there are plenty of things that can go wrong. Wedding insurance can help protect you against unforeseen events like vendors going out of business, natural disasters, or illness. It can also cover the costs of last-minute changes or cancellations. This can be especially important if you’ve put down deposits or made other nonrefundable payments for your special day.
To learn about more protective measures you can take to mitigate against life’s potential losses, contact TCA Insurance today at 989-362-3003.
Comments are closed.