Art insurance limits exposure to risk while accumulating assets. From the Louvre in Paris to the Gardner Museum in Boston, art theft is big business. You can insure your collection on a stationary basis (i.e. if you have a museum) or in transit, if you’re moving a valuable piece from one destination to another.

Art insurance is especially attractive because only about 5-10% of stolen artwork is ever recovered. Thieves are sometimes international men of mystery, but are more often low-level criminals looking for leverage to get a buddy out of prison.

Private mortgage insurance (often shortened to PMI, or called lender’s mortgage insurance (LMI)) is typically required if you buy a home with a down payment that's less than 20% of the final price.

PMI is protection for the lender against you defaulting your mortgage. Historical data shows that homeowners who put down less than 20% have a much greater chance of failing to make their monthly payments. Whether or not you should have been given that loan in the first place is a different story.

There are few specific food truck insurance products that one can go out and buy to satisfy all the needs of the business. What is recommended is a blend of coverages that should protect all aspects of the mobile operation.

Food trucks, despite their inherent financial benefits for the owner (i.e. saving on real estate costs), can pose more dangers than a traditional brick-and-mortar restaurant, necessitating a greater amount of insurance.

The most important thing to remember about flood insurance is that it's not part of your homeowner's or renter's insurance policy. That is, if you have only homeowners or renters insurance your belongings are not protected against floods.

You therefore have to get your flood insurance separately, which is still not as simple as it sounds. That is because only about one in five homes in America are at risk for a flood, and those dwellings are clustered in flat areas next to large bodies of water.

For most people insurance is a natural inclination, the desire to protect that in which you have already invested. And since there are almost limitless possibilities to the number of things we can buy, there are almost as many items we can insure.

And while there are some eccentric policies out there (see: UFO insurance), there are some sensible specialty policies to consider like travel, Jet Ski, wedding, jewelry and pet health insurance.

As every American teenagers (and parent) knows, there are minimum drivers ages when you can get a full license for the first time. Each state has set its own age with varying restrictions; the only broad federal restriction is that drivers can not get licensed to operate a commercial vehicle for interstate transit until the age of 21.

When arriving insurance quotes, car insurance carriers factor in how long you’ve been driving. Hence minimum driving ages can indirectly help or hurt your car insurance rate, because people living in states with lower minimum driving ages will have been driving for longer.

Homeowners insurance protects your home in the case of peril or lawsuit. Instances that fall under the category of peril are wind, fire, hail, lightning and theft. Lawsuit protection comes in handy if/when a visitor gets injured while inside your home.

Obviously buying a home is an enormous investment -- perhaps the biggest financial investment of your lifetime. Homeowners Insurance the best way to protect this financial asset.

In the slightly confusing insurance world, renter’s insurance is something of an oasis of clarity. Renter’s insurance protects the property of those who rent their homes against theft and damages caused by accidents (fire) and natural disasters (hailstorms, lightning, wind).

Despite its intrinsic straightforwardness, renter’s insurance does offer some choices for consumers. Renters can work with carriers to set limits in terms of coverages and deductibles; higher coverage amounts and lower deductibles mean higher monthly payments.

Umbrella insurance is additional liability insurance that will protect you financially if you are sued for a large amount of money. Auto and home policies have limits that are agreed upon at the time you set and sign the policy and can often help to determine the price. The higher the limit, the higher the cost of the policy.

But limits are limits, and by definition carriers will not exceed them in their payouts. If you want fiscal protection against a large lawsuit, umbrella insurance is the way to go to best protect you and your most valuable material assets.

In traditional car insurance terms, liability coverage pertains to coverage extended to other people in your car -- and it’s almost always mandatory. The thinking is that some passengers lack medical insurance and the national economy needs to be protected from injured folks who can’t pay their medical bills.

Liability coverage for motorcycle drivers is more optional; it’s called guest passenger coverage, and if you truly believe you will never have any passengers on your back then it could be a way to save money on insurance. We don’t recommend this path, but it’s obviously a personal choice.