Extended Coverage Insurance Helps Ensure You Are Fully Protected

Extended Coverage Insurance Helps Ensure You Are Fully Protected

Extended Coverage Insurance Helps Ensure you​ Are Fully Protected
Extended coverage is​ a​ term used by brokers and insurance companies to​ denote coverage that goes beyond the​ basic policy .​
All basic insurance policies have exclusions,​ or​ specific losses or​ reasons for losses that are not covered by the​ insurance policy .​
However,​ an​ Extended Coverage (EC) policy covers these exclusions.
Oftentimes we feel that we are fully covered because we carry many types of​ insurance,​ but how many of​ us truly read the​ fine print .​
While a​ person who lives far from the​ coast would think that basic insurance that includes hurricane provisions would be enough,​ they might be surprised to​ learn that damage from flash flooding away from the​ shore due to​ the​ rainfall associated with a​ hurricane may not be covered.
Types of​ extended coverage include:
- Flood insurance,​ including floods caused by hurricanes which are usually not covered
- Hailstorm insurance unless hail is​ explicitly covered by the​ basic policy
- Earthquake insurance
- Extended Title insurance,​ because there are many things not covered by basic title policies
- Extended medical insurance for illnesses and lengths of​ stay not covered by the​ basic policy
- Extended dental insurance for some dental surgeries
This is​ certainly not an​ exhaustive list .​
In fact,​ there are some extended coverage policies where your unique needs can be specifically tailored into the​ policy.
The term Extended coverage also can be used to​ describe financial coverage above and beyond what the​ covered amount is​ .​
For example,​ if​ you​ live in​ an​ area where wildfires are common,​ you​ can buy Extended Coverage insurance for such an​ event to​ provide additional money or​ more complete restoration than your regular homeowners policy would pay for
If you​ think there are areas where extended coverage could benefit you​ or​ your family,​ call your broker or​ consult with your insurance company .​
You can also start by reading the​ policies you​ currently have - what are the​ exclusions or​ limitations,​ and how likely are those events to​ happen to​ you​ and your family .​
Often your broker can do this as​ well,​ and he or​ she will have information about the​ kinds of​ coverage problems that have happened to​ others in​ your area.

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