Purchasing insurance to protect yourself from certain perils is always a good idea, because the financial liabilities may be more than you can afford. But there are areas for which you may need extra protection. You could be living in an area that has a higher risk for floods, or you might be operating a boat, motorcycle, or ATV. If that's that case, then you should consider getting insurance policies that can cover you in case something happens.
The Louisiana Flood Insurance Program
Louisiana receives more funding from the National Flood Insurance Program than any other state because it's a high-risk area for these types of disasters. Your home insurance policy won't cover floods; you'll have to buy another policy so you don't have to pay out-of-pocket. You can get a flood insurance policy from an agent with a property and casualty license, and it can cover your home or place of business if the property or its contents become damaged because of a flood.
Louisiana Boat Insurance Requirements
While the state of Louisiana doesn't require its residents to get boat insurance, it's still recommended. There is a number of things that can happen while you're on the water, and having a boat insurance policy can make it easier to take care of these situations. There are several options available, but the common types of boat insurance are:
- Boat coverage
- Medical coverage
Be sure to speak to someone at Soto Insurance Agency to get more information about what's available in the State of Louisiana.
Motorcycle and ATV Insurance Requirements in Louisiana
Anyone who rides a motorcycle in the state of Louisiana is required to have an insurance policy with the following minimums:
- At least $15,000 of coverage per person for bodily injury or death.
- At least $25,000 of property damage coverage.
- At least $30,000 of coverage per accident for bodily injury or death.
While ATV insurance isn't required in the state of Louisiana, you should consider getting one because injuries and liability are big risks when operating this vehicle.
Be sure to speak to someone at Soto Insurance Agency to get more information about ATV insurance or any other policies that we have available.