While having insurance for your home and vehicle is a must, some people have more diverse coverage needs. Fortunately, there are many products covering special circumstances that may not apply to all policyholders. Here are a few additional coverage options to consider. 

3 Specialized Insurance Products to Know 

1. Renters Insurance

If you rent a home, know that your landlord’s property policy does not extend to your personal belongings. This is where renters policies come in, providing funds to replace items lost due to covered perils. Renters insurance also provides liability coverage. This is helpful if a third party is injured at your home, or if your property damages another person’s property and you’re subjected to a lawsuit as a result.

2. Inland Marine Coverage

Despite the name, inland marine policies have nothing to do with water. Instead, they cover personal property transported via truck, train, or car. They can also apply to items housed by a third party, such as a storage facility. Inland marine coverage is often used as a supplement to a homeowners policy. It can also be used by businesses that regularly transport goods.

3. Mobile Home Insurance

Similar to a home policy, mobile home insurance protects mobile or manufactured homes. Coverage applies to the home itself and the items kept inside, and it also offers liability protection if you’re faced with a lawsuit. When establishing a coverage limit, you can choose between actual cash value, which factors in depreciation, or replacement cost, which covers the cost of purchasing a new mobile home.

Choosing the right coverage can be confusing, especially if you have complex needs and assets. In Marion, WI, Pella Mutual Insurance Company strives to help its clients select the best products for their specific situation. Whether you need a standard home policy or require insurance to protect a seasonal property, their agents will help you implement comprehensive coverage. See the full listing of products & agents by visiting the website. You can also call (715) 754-5039 to find a local agent today.