5. Consider an Umbrella Insurance
This type of personal liability insurance can protect your home, your car and your family too. And it’s a good idea to have it since now everyone is more focused on making the lives of others miserable (think about the man who sued Michael Jordan for looking like him).
For instance, if your neighbor sues you because your dog barks (aren’t they supposed to do that?! 🙂 ), the umbrella insurance will cover his/her medical bill he or she received from the psychologist (or psychiatrist). So, everybody will be happy, including your finances.
For more issues regarding your home, here are some related articles:
- Things You Should Know When You’re Struggling to Pay Your Mortgage
- 8 Unexpected Costs of Owning a Home
- 7 Efficient Ways to Lower Your Home Insurance Costs