What Is Specialty Property, And Why Do I Need To Insure It?

Most people know they need to insure their Huntington, TX home and property with homeowners insurance, cover their vehicles and recreational vehicles with car insurance, and maybe even know the importance of umbrella insurance. But, “specialty insurance” isn’t something most people are aware of. So, what is specialty property insurance, and why do you need it? 

Specialty Insurance 

To put it simply, specialty insurance is what it sounds like: a specific insurance purchased to cover items that are irreplaceable, unique, or special. Specialty insurance covers items or situations that aren’t generally covered with a typical insurance policy. 

What Types of Specialty Insurance Coverage Are Available? 

There are a variety of different types of specialty insurance that go above and beyond your basic coverage. For instance, flood insurance for your car or home. Other specialty insurance policies cover expensive, high-value homes or rentals, watercraft, recreational vehicles, motorcycles, ATVs, and more. Ask your Integra Insurance Services agent about information on the following specialty property insurance needs. 

  • Rare or One-Of-A-Kind Items. Losing a unique item to theft, fire, or flood damage is rough, especially when you find out your insurance did not cover the loss from your home or vehicle. Do you own a classic car? Antiques? High-value art, sculptures, or a valuable coin collection? Specialty insurance can help safeguard you in the case of a loss.  
  • Wedding Insurance.  How do you protect yourself in the event you have to cancel or postpone your wedding? What would happen if a guest is injured during the event due to drinking, or causes damage to the wedding venue? Wedding insurance has you covered.  
  • Travel Insurance. There are a million things that can go wrong on your dream vacation, from lost luggage to lost family jewels to emergency issues. Travel insurance is a specialty insurance that can ensure you get that needed root canal in Paris or get your broken arm fixed in Italy. It can also cover cancellations, weather delays, and even legal costs. Travel includes risks that specialty insurance can cover, such as winter sports injuries, pre-existing medical conditions, and even kidnap and ransom!