Sometimes, it’s a simple matter of gaps in coverage, where someone

Sometimes, it’s a simple matter of gaps in coverage, where someone thought they were protected but either had insufficient or incorrect coverage. Those issues can usually be addressed by either upgrading a policy (before disaster strikes) or switching providers to one with better coverage options.

However, there are certain situations that aren’t likely to be covered by any insurance company — situations that can leave you on the hook for a lot of money if you aren’t prepared. Here are some of the most common:Big Boss vote

This provides coverage for medical bills and

This provides coverage for medical bills and related expenses when someone is injured on your property, but they do not want to sue you. $1,000 per person is a common level of coverage, though some homeowners choose to take out an extension for added protection.

Most of the top homeowners insurance carriers offer similar types of coverage. The best way to find the right homeowners insurance package is by comparing rates and coverage options through an online quote tool like ours.

This covers your clothing,

This covers your clothing, electronics, furniture, and other personal property that is damaged or destroyed by a cause that’s covered by your insurance. Most top insurance companies provide checklists, personal property calculators, or other resources to help you document your belongings. For example, Liberty Mutual provides a mobile app where you can upload pictures and receipts., furniture, and other personal property that is damaged or destroyed by a cause that’s covered by your insurance. Most top insurance companies provide checklists, personal property calculators, or other resources to help you document your belongings. For example, Liberty Mutual provides a mobile app where you can upload pictures and receipts.This covers your clothing, electronics, furniture, and other personal property that is damaged or destroyed by a cause that’s covered by your insurance. Most top insurance companies provide checklists, personal property calculators, or other resources to help you document your belongings. For example, Liberty Mutual provides a mobile app where you can upload pictures and receipts.

This insurance protects your assets

Liability insurance
This insurance protects your assets and covers costs associated with a lawsuit when you or a family member are responsible for injuring another person, or if someone is injured on your property (for example, if your dog bites your neighbor). It also provides coverage if you or a family member causes damage to another person’s property. $100,000 is a good benchmark for liability coverage, but this will vary depending on the size of your home and the assets you need to protect.

All areas have a fire protection

All areas have a fire protection rating based on how far it is from a water source and the distance to a responding fire department. If a fire were to break out in your home, a poor fire protection rating increases the chances of total property loss, which in turn increases your insurance premiums. Fire protection systems wouldn’t be sufficient to decrease your premiums in that case, but installing a sprinkler system could. It’s a costly solution, but one that could pay off in the long run.

You can’t control some of these factors. But by minimizing the risks that are within your power to control, you can help keep your home insurance premiums down.