Do You Need Insurance

Your options will vary depending on where you live but you can look at adding this to your existing insurance or purchasing a separate policy.

Do you need insurance. By law you need to have el insurance that covers you for damages of at least 5million and many insurers will automatically cover you for at least 10million. You can avoid problems and save money by understanding exactly how your condo or co op insurance works how it relates to your association policy and what your responsibilities will be if you have a claim. For example if you re a one man band then you won t need employers liability insurance but you may still want other aspects of your business to be covered. Contents insurance is suitable whether you live in a home or unit and whether you own your place or rent.

The exception to this is if you already have an insurance policy for a different vehicle. However if you are a licensed driver and are planning on driving any vehicles car insurance is still required. Not owning a car may lead you to believe you do not need car insurance. If you own and live in a unit or apartment and there is a body corporate you ll need to include fixtures and fittings such as carpets light fittings kitchen cupboards and repainting costs in your contents insurance.

There are however occasions when employer s liability insurance is not compulsory for instance if your business is not a limited company and its only employees are yourself or close family members but it may still be wise to. Therefore anyone who intends to get a mortgage or place their home in a mobile home park needs mobile home insurance. So do you buy a car or insurance first. When you need hazard insurance.

Do you need mobile home insurance. You won t find earthquake or flood protection as a hazard within your homeowners policy. Once you ve had a think about what you need your insurance to do for you then you can choose from the covers above and many others to create a policy that suits your needs. Every condo owner or co op owner should have their own insurance.

In most cases you want to buy car insurance before you buy a car. Do i need it if i do not own a car. Having homeowners insurance to cover you against hazards is not a legal.