Which Insurance Coverage is Right for Me: Basic, Broad, or Special?
Updated: Sep 14
Insurance coverage is an essential safeguard against unforeseen events, protecting individuals and businesses from financial loss. In the world of insurance, you may encounter terms such as basic peril coverage, broad coverage, and special coverage. Read on to learn the differences between the three insurance policies and how to choose the right one for you
If something happens to you or your property that falls within this list, the insurance will step in to help!
In the world of insurance, you may encounter terms such as basic coverage, broad coverage, and special coverage.
Providing protection for specific damages, basic coverage is the most basic type of insurance. It does not cover much…it's basic. There is only a limited list of claims that are covered, including:
Windstorm or Hail
Aircraft or Vehicle Collision
Riot or Civil Commotion
Insurance carriers will not pay claims if the damage doesn't meet this list.
Broad coverage provides better coverage than basic, but it is still limited. Like basic coverage the insurance carrier will only pay the claim if the damage was the result of…
Falling Objects (like tree limbs)
Weight of Ice and Snow
Freezing of Plumbing
Accidental Water Damage
With special coverage, almost everything is covered, unless it is explicitly excluded from the policy. It's like having an "all-in-one" insurance plan. Some examples of damage that is not covered are:
What are you waiting for, consult an insurance expert and get a quote now!