3 Types of Insurance You Probably Don’t Know About

Health, life, auto, and long-term disability are essential insurance policies that many people have. But more niche policies provide a financial safety net suited to unique lifestyle needs. Discover three types of insurance you probably don't know about.

1. Body Part Insurance

Disability insurance protects against the loss of income due to disability. If a disability prevents you from continuing to work, disability insurance compensates a portion of the lost income if you qualify.

Body part insurance is a unique policy typically purchased by entertainment companies or celebrities. Body part coverage supplements lost income if a body part becomes injured, scarred, or lost. Athletes insure essential body parts they use to play sports, and singers insure their vocal cords. But for most members of the public, disability insurance is the best option.

2. Gun Owner Liability Insurance

If you're a gun owner, personal firearm liability insurance can protect you and your family from financial burdens. Coverage options may include firearms liability for open and concealed carry, legal liability regarding accidental discharge, income interruption, and bond payment.

Many gun owners have firearms for self-defense purposes. One of the things you need to know about concealed carry insurance is that it protects you in the aftermath of lawful self-defense with a firearm. Court cases can last a long time, and you may incur expensive fees, but CCW insurance can help throughout the process.

3. Food Truck Insurance

The final type of insurance you probably don't know about is food truck insurance. Food truck insurance is an excellent policy to sign up for if you operate or plan to operate a food truck, concession truck, or catering truck.

The insurance cost depends on the products you sell and the equipment attached to the truck. Basic food truck coverage includes commercial auto and general liability. Your insurance can protect permanently attached appliances and equipment in your vehicle. Your policy can also protect your business from liabilities, such as a customer getting burned by hot food.