Do I Need Multiple Policies To Get Enough Coverage?

UPDATED: Sep 29, 2023Fact Checked

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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Mary Martin

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Mary Martin has been a legal writer and editor for over 20 years, responsible for ensuring that content is straightforward, correct, and helpful for the consumer. In addition, she worked on writing monthly newsletter columns for media, lawyers, and consumers. Ms. Martin also has experience with internal staff and HR operations. Mary was employed for almost 30 years by the nationwide legal publi...

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UPDATED: Sep 29, 2023

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UPDATED: Sep 29, 2023Fact Checked

If you already have a policy, but the benefits are inadequate you should probably consider an additional policy rather than starting over with a replacement policy. If you are buying long term care for the first time, however, one good policy should be enough.

Case Studies: Multiple Policies to Ensure Sufficient Coverage

Case Study 1: John’s Comprehensive Coverage

John, a homeowner, already has a comprehensive homeowner’s insurance policy that provides coverage for his property and personal belongings. However, he is concerned about the limited liability coverage included in his policy.

After consulting with an insurance agent, John decides to purchase an additional umbrella insurance policy. This supplemental policy extends his liability coverage, offering him extra protection in case of a lawsuit or liability claim.

By obtaining an additional policy, John ensures that his coverage adequately addresses potential risks.

Case Study 2: Sarah’s Auto Insurance Dilemma

Sarah recently bought a new car and wants to ensure she has sufficient coverage. She already has an auto insurance policy that meets the minimum legal requirements in her state.

However, upon further research, she realizes that her current policy doesn’t offer comprehensive coverage for her vehicle in case of theft, vandalism, or natural disasters. To address this gap in coverage, Sarah decides to purchase a separate comprehensive insurance policy that provides the desired protection.

By having two policies—one for liability and another for comprehensive coverage—Sarah ensures comprehensive protection for her vehicle.

Case Study 3: Mark’s Health Insurance Considerations

Mark, a self-employed individual, is currently covered by a basic health insurance policy. However, he realizes that his current plan has limited coverage for certain medical services and treatments that he may require in the future.

Mark consults with an insurance broker who advises him to consider a supplemental health insurance policy. This additional policy specifically covers the services and treatments that his primary plan lacks.

By opting for a supplemental policy, Mark can bridge the gaps in his health coverage and access the necessary medical services without financial strain.

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Jeffrey Johnson

Insurance Lawyer

Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

Insurance Lawyer

Mary Martin

Published Legal Expert

Mary Martin has been a legal writer and editor for over 20 years, responsible for ensuring that content is straightforward, correct, and helpful for the consumer. In addition, she worked on writing monthly newsletter columns for media, lawyers, and consumers. Ms. Martin also has experience with internal staff and HR operations. Mary was employed for almost 30 years by the nationwide legal publi...

Published Legal Expert

Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.

Free Insurance Quote Comparison

Enter your ZIP code below to compare cheap insurance rates.

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