To determine if you need additional coverage like flood or earthquake insurance, assess your location’s risk factors. Flood insurance is crucial if you’re in a flood-prone area, such as near bodies of water or in regions with a history of heavy rainfall. You can check flood risk maps provided by the Federal Emergency Management Agency (FEMA) or your local government. Earthquake insurance is essential if you live in areas with seismic activity, such as along fault lines or in regions with frequent tremors. Consider the potential for damage, your financial situation, and whether your standard homeowner’s policy excludes coverage for these events. In both cases, consult with your insurance agent to understand your policy’s limitations and evaluate whether additional coverage is necessary for your peace of mind and financial protection.