Yes, absolutely! Anybody with a mortgage, has a spouse and children, and significant debt should consider purchasing term life insurance. If you are the sole wage earner in your family, life insurance is vital to making sure your family is financially secure in the years after your unexpected passing. Have a 20-year mortgage on your home? Consider taking out a 20-year term policy to at least cover the mortgage.

Tree damage is considered a "falling object" when it comes to homeowners insurance perils. If a tree falls on your house or other structures due to a covered peril (such as a windstorm, lightning bolt, falling object), your homeowners policy will take care of it. The tree doesn't even have to be from your own yard to collect compensation. The tree can be from a neighbor's yard or from public property. As long as you have the right coverage, you should be protected.

Personal umbrella insurance is extra insurance coverage that protects you from major claims and lawsuits. Your auto insurance and homeowners insurance have coverage limits. A major claim could be greater than either one of those coverage limits. Personal umbrella extends those coverage limits and also provides additional protection so that won't be left in financial ruin.

You are taking a vacation and decide to rent a car for the week. You are now standing at the rental car counter and the agent asks you if you want to purchase car rental insurance. You didn't spend any time researching your options and are unsure if you need to purchase the insurance. Do you need it?

Collision and comprehensive coverage offer you protection when your vehicle is damaged either in a collision or other-than-collision. Comprehensive is the term used for other-than-collision.

With basic liability coverage, your auto insurance policy will only cover damage to other people and their property in a collision. It does not cover the cost of repairing your own vehicle. It does not include collision coverage and New York does not require you to carry collision coverage. Basic liability coverage is the bare minimum you are required to purchase in New York.