4 Insurance Policies You Might Overlook -- but Shouldn't
We know that insurance can help protect our most valuable assets. Life insurance can cover the costs of a funeral, debts and final taxes. Car insurance can provide protection in case of theft, damage or an accident. and Home owners insurance can cover the replacement costs of our personal belongings as well as our physical home.
But did you know that there are other types of insurance out there?
We can actually purchase insurance policies on almost anything that matters to us. If Jennifer Lopez can insure her derriere for $300 million, you can insure your prized possessions other than your car, home, and life.
Here are four insurance policies you might not know about, but may need:
Pet insurance for your furry friends
Just as you buy medical insurance to cover the costs of unfortunate events and health emergencies you can also buy a similar type of insurance for your pet to help cover the costs of high (unexpected) veterinarian bills.
Popular financial service providers such as CAA and President's Choice offer pet insurance to cover the costs in case your pet has an accident, gets sick, needs surgery or has other medical expenses. The President's Choice coverage starts at $9.95 per month for cats and $10.95 per month for dogs.
Travel insurance to protect yourself while on vacation
When you're planning a vacation and packing your bags buying travel insurance may be the last thing on your mind. However, purchasing travel insurance should definitely be on your list of things to do before leaving on a personal or business trip.
Travel insurance can help cover the costs of replacing your items if your luggage is lost or delayed, pay for medical bills if you have an emergency and need to see a doctor as well as cover the costs of accommodations if your flight is delayed or cancelled. The small price for travel insurance premiums can help cover the big possible costs while travelling.
Cancellation insurance for your night out at the theatre
If you're planning a night out at the theatre you might want to insure the tickets in case you're unable to attend. Cancellation insurance can be added on to your purchase at the theatre website Broadway.com for an additional $20 per ticket. When you're paying over $200 USD to see a Broadway play or musical buying cancellation insurance seems like a good idea – just in case.
Wedding insurance in case the big day doesn't happen
According to Property Casualty 360 you can purchase insurance to cover the costs of your wedding in case anything goes wrong during the planning stages or on your big day. This also includes a change of heart.
Wedding amenities such as the planner, venue, caterer and florist need to be booked several months in advance and usually require a deposit. If the big day doesn't happen wedding insurance can help cover the costs of the non refundable items.
If you know that you will be experiencing a big change in your life, or participating in something costly, it can be worth it to look into these insurance policies to ensure that you are properly protected.