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Last month, I wrote an article that covered a wide variety of insurance policies available to everyone. While I focus primarily on life insurance and life settlements, I still find the merit in other types of insurance policies. That being said, here are a few different types of insurance that you should be looking into.

Flood Insurance
I know what you’re probably thinking: “Don’t home insurance policies already cover flooding?” Unfortunately, they do not. In most cases, a standard home insurance policy won’t cover any kind of flood damage. That is exactly why you should look into purchasing a separate flood insurance policy. You should certainly look into flood insurance if you live in an area that is prone to flooding. Recent disasters in Florida and Texas show just how important it is to be prepared.

Travel Insurance
This is admittedly a slightly unique and not too common type of insurance, but it can be just as costly. This is more for businesspeople who travel frequently. In essence, travel insurance ensures that you are protected from having a flight cancelled for any reason. If You become ill and cannot make your flight, if your baggage is lost, if your flight is cancelled or if something terrible happens to your destination (hurricane, terrorist attack) these are all covered under travel insurance policies. This way, if you travel frequently, you will not lose any money.

Pet Insurance
While this may sound strange at first, when you look a bit closer at it, it starts to make much more sense. Pet insurance is similar to regular human insurance. You can take out a policy on your pet and, in the event something happens to their health, you can make a claim and get reimbursed. Pet insurance policies are typically taken out in order to cover the cost of expensive medical procedures and to prevent euthanasia in lieu of surgery. Pets can mean a great deal to many people; and when a pet has to be put down because his or her owner could not afford surgery, that’s a simply heartbreaking story. That’s what pet insurance helps to prevent.