insurance

4 Insurance-Policy Add-ons Worth the Money

Add valuable coverage to your auto and homeowners insurance.

A few inexpensive add-ons can add valuable coverage to your auto and homeowners insurance.

1. For your auto insurance, consider roadside assistance. For $3 to $12 every six months (versus $52 per year for AAA), you can get lockout service, towing, jump starts, and flat-tire fixes, says Cadie Patrizz, an independent insurance agent in Tarzana, California.

Great Deals on Practically Everything

 

2. Rental reimbursement can be worthwhile if you need a car while yours is being repaired (repairs must be due to a covered loss).

Mercury Insurance, for example, charges $20 every six months to provide up to $40 per day for a rental car while yours is being repaired, for a maximum of 30 days, says Patrizz. (Specifics vary by location.)

3. Medical payments coverage takes care of medical and ambulance bills for you and your passengers. It may duplicate health insurance, but it can fill in some gaps if you have a high-deductible policy.

You’ll pay about $19 every six months for $5,000 in coverage, says Patrizz.

4. For homeowners, coverage for sewage backup is a big gap in most policies — leaving you to pay thousands of dollars to clean up nasty damage caused by water and sewage that backs up into your house. But you can often pay about $50 per year to get $10,000 to $25,000 in coverage.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
The 25 Cheapest U.S. Cities to Live In
places to live

The 25 Cheapest U.S. Cities to Live In

Take a look at our list of American cities with the lowest costs of living. Is one of the cheapest cities in the U.S. right for you?
October 13, 2021
15 U.S. Cities With the Highest Average Home Prices
real estate

15 U.S. Cities With the Highest Average Home Prices

Home prices have rocketed higher across most of the country, but housing costs are acutely painful in these 15 U.S. cities.
October 20, 2021

Recommended

Is Your Home as Protected as You Think? It’s Time for a Policy Review
home insurance

Is Your Home as Protected as You Think? It’s Time for a Policy Review

It’s better to find out your coverage falls short before something happens rather than after. Here’s how to get started and what to look for as you re…
October 27, 2021
11 Reasons You Don't Want to Retire in Florida
retirement

11 Reasons You Don't Want to Retire in Florida

An overabundance of boomers, critters, sweat and weirdness. Welcome to the dark side of the Sunshine State.
October 6, 2021
Penalty for the Unvaccinated?
Coronavirus and Your Money

Penalty for the Unvaccinated?

A “yes or no” box to verify your vaccination status could be part of open enrollment for health insurance in the future.
September 29, 2021
Disability Insurance Can Provide COVID Coverage
Coronavirus and Your Money

Disability Insurance Can Provide COVID Coverage

If you are concerned about long-term complications from COVID-19, consider disability insurance coverage.
September 28, 2021