Most of us are familiar with several common insurance products, such as life insurance and health insurance. But insurance isn’t limited to these large, broad categories. There are also lesser known but still extremely valuable forms of insurance that many of us should consider when we look into protecting our properties and our finances.
These are often called “supplemental insurance.” They refer to insurance products that help supplement what more common insurance products may not offer, or may not provide an adequate amount of.
What Are Examples of Supplemental Insurance?
Supplemental insurance encompasses a broad range of products. Many of these are within the health insurance space, since health insurance is both the most expensive form of insurance and the most complex. But other forms of insurance have supplemental policies as well. Examples of supplemental insurance policies include:
- Long Term Care Insurance
- Flood Insurance
- Cancer Insurance
- Gap Insurance (for Auto Loans)
- Travel Insurance
- Pet Insurance
- Legal Insurance
These are all examples of policies that are not typically covered by the insurance products most of us are familiar with, offering additional protection and support for unexpected issues.
Navigating the Complexity of Insurance
Insurance can be complex at times, which is why it is so useful and important to connect with an independent insurance agency that can offer you guidance on what products best fit for your financial needs. If you are looking for an insurance agent in the Raleigh area, contact Mason Insurance today.