For interested policy holders, insurance companies can provide additional coverage on top of the basic policy we normally get. Basic policies are good in itself, but there are certain circumstances that it just doesn’t cover. That’s where an Extended Coverage (EC) comes in, to take care of those special circumstances.

There are many kinds of insurance lying around, grabbing one of each kind still doesn’t guarantee that you’re covered for special circumstances. Say, a basic plan may have a proviso for hurricanes and for someone how lives near the shore that would seem enough, but we sometimes overlook the fact we don’t have to be directly hit to be affected by a hurricane, there’s the flash flood for example and wouldn’t it be unfortunate if you can’t get any assistance because the fine print doesn’t include damages caused by flood?

Some of the provisions incorporated are:

Flood insurance, it may have to be specified what natural disaster would cause the flooding Hailstorm if these phenomenons occur where you live Earthquake insurance, maybe you live in California Extended Title insurance, because basic title insurance cover only issues that show up in the title search Extended medical insurance, for medical conditions not covered by your basic policy Extended dental insurance, some even include paying for dentures

There are a lot more not mentioned. There are even policies which start off with just the basic plan and then let you add to it according to your specifications.

Getting a more extensive financial coverage is also possible under “Extensive Coverage” if you think your basic policy wouldn’t be enough to cover your financial losses. When a hurricane hits, it’s not only your home that is affected but quite a large area, as result building material and services become more expensive due to the demand, with the Extended Coverage you can get your insurance company to cover this added cost as well.

Natural disasters are part of our lives but there are places where they occur more frequently, if you find yourselves residing in any of these areas then talk to your insurance broker regarding your options. What you can do on your own would be to bring out your policy and review it again to see if there are any exclusions or limitations you might need and if there’s any that is less likely to happen and you may discard. Your broker would be a good source of information, not only would he be familiar with the lingo, he also has a broader knowledge of the kind of coverage prevalent in your area and which ones are more useful.

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