Neccessary & Important Property/ Casualty Insurance Coverage

Automobile Policy:

  • $250,000/$500,000 limits of liability (per person/per accident) (some umbrellas are okay with $100,000/$300,000 and will still write umbrellas so in that event pass on $250,000/$500,000)
  • $250,000 property damage ($100,000 if umbrella is there)
  • Complete comprehensive, collision with a $1,000.00 deductible
  • Complete glass coverage with no deductible
  • Towing expense coverage if you do not belong to an automobile club such as AAA or have a newer automobile that includes roadside service
  • Rental Reimbursement minimum $30.00/day (if you have access to extra car don’t add this)
  • Uninsured/Underinsured motorist coverage with the same 250/500 limits of liability as basic coverage, with conversion

Homeowner’s Policy

  • Replacement cost coverage on contents and the value of your home. (You need to have a video of your home and its contents for this coverage to be accurate. This video needs to be stored in a safety deposit box or a fireproof, waterproof safe.)
  • Liability limits of a least $300,000 or $500,000, whichever is needed to underwrite umbrella
  • $1,000.00 basic deductible
  • Special riders for valuable jewelry, electronics, collections, satellite dishes, etc.

Umbrella Policy

  • Umbrella policy should be commensurate with  asset size of household.

Securities offered through Portsmouth Investment Research, Inc., Member FINMSIPC.