<prompt> Human: Im not sure what type and how much insurance I need at this point in my life. My wife and I both have insurance through our work. We have insurance in our homes and cars. Thats about it.We have no kids, so Im not sure if we need term life insurance. Also, Im a landlord and rent out my condo, do I need an umbrella policy?What about jewelry insurance on our rings?Pet insurance for our fur child?Long term disability maybe?  <response>: Lots of things to check on your car insurance, especially if you have full coverage: First, most people carry the minimum required by the state. In my state, thats 306025, meaning that if Im at fault for an accident, it will pay up to 30K per person I injured up to a total of 60K so two people with 30K medical bills or 3 people with 20K, etc and up to 25K in property I damage. However, the average car value on the road in our city is 40K, meaning if I total someones 40K car, Im going to be sued for the 15K my insurance wont pay. And God forbid I cause a chain reaction crash and end up responsible for like 3 damaged cars. Get some quotes on a 100300100 policy and see if thats something you need. Next, if you have full coverage, check to see if a rental car is covered, at what cost per day, and for how long. Consider adding rental coverage if being down a car for a week or two due to an accident would screw things up for you. What about personal injury coverage? It can pay for injuries to you. And yes, your health insurance will pay as well, but personal injury could pay for the part your medical deductible doesnt pay or for your coinsurance percentage in the event of injury from an accident. Roadside assistance? If you dont have AAA or roadside assistance through another company, this can help you out with a flat tire, a tow, or running out of gas. If not for you, consider it for your wife. Now that they machine-torque lug nuts, most people lack the incredible strength it takes to change a tire.I would suggest life insurance unless your wife can easily take on all the bills if you get smashed by a bus tomorrow. If she would struggle to pay the mortgage by herself, or if you just want to be sure she gets some money if you die, buy a policy.Umbrella policy... I was surprised how cheap mine was! It will even pay out some for damagesinjuries to other people if your liabilty exceeds your auto policy.Flood insurance... 25 of all buildings that flood are not in zone AE, A, or A which are required to have flood insurance if theres a mortgage, So basically 1 in 4 people who experience a flood have no insurance because they are not in a flood zone. Ignore the term 100-year floodplain because its completely misleading. Areas that have never flooded can flood due to development changing the floodplain, areas that are dry as a desert can flood from a single heavy rain, dams and levees can fail or even be purposely breached to prevent worse flooding. I used to work in flood insurance, and you wouldnt believe how many people I spoke to who lost so much in floods despite not living in a floodplain. Get a quote no need to shop around, since its all government run, do a little research to educate yourself, and decide if its worth it. And if you do get flood insurance, make sure to get contents insurance with it. Plus, having a non-flood zone rated policy means that ifwhen the maps are updated and youre suddenly considered in a flood zone, youre grandfathered into a cheaper cost already.Pet insurance can be a smart buy if you dont have the cash to pay for an expensive surgery or illness suffered by your pet. LTD is also smart if your wifes income would not cover everything if you were out of work injured for a few months. Definitely make sure the value of your jewelry is currently covered by your homeowners insurance. If its not, consider adding it. In fact, read through your homeowners insurance dec page and make sure you understand exactly what is covered. They have some pretty hard limits on expensive things. 