Anyone who owns a vehicle or a home knows the importance of getting insurance. However, many people aren't sure what type of insurance they need. Insurance can be extremely confusing and overwhelming, especially for someone who has never had to handle it on their own before. If you are looking to get insurance for your home or vehicle, you want to make sure you ask the right questions to your agent. Start with the following questions below.

Are there are discounts that could be received?

Many people don't realize how many discounts they can get on their insurance policy. Everything from smoke alarms to security systems, gated entries, fire sprinklers, non-smoking, non-drinking and much more can yield you a nice discount. The more items you have, the bigger your discount is going to be. Make sure you go over everything with your agent to see what all you can take advantage of on your new policy. Having them go through everything thoroughly can make sure you don't lose out on some savings.

Is any extra insurance needed?

Make sure to ask about any extra types of coverage that you might need for your home. Things like earthquake insurance, flood insurance, mold insurance or pest insurance are all extras that have to be added to the policy. If you don't have these added separately, you could find yourself being stuck having to pay for a bunch of repairs out of your own pocket. Discuss all of the different add-ons you can incorporate with your homeowner's insurance policy. You are better off having extra coverage than you are being underinsured.

What are the normal liability limits needed?

Each state has their own set of liability limits that you have to carry at a bare minimum. However, you might need to add extra coverage on beyond the minimum. Liability coverage is in place to protect you in the event someone is injured on your property and sues you for their injuries. This insurance covers the judgement and the amount needed to defend your case in front of the judge. Ask your agent what the proper amount of coverage needed is. They can advise you of the normal amounts homeowners go with today.

While these are only three questions to ask an agent, they are a good start in the right direction. They can help put you on the path to a good insurance policy for your home and vehicle. To learn more, contact a company like Divers-Savage-Mcpherson Insurance Agency.