This document provides a checklist and overview of common "red flags" that indicate an individual may need to review their property and casualty insurance coverage due to taking on increased risks. It identifies situations like owning multiple homes, homes in high-risk areas, valuable collections, or engaging in hobbies with liability exposure that could leave assets inadequately protected if not addressed by specialized insurance. The checklist encourages those facing these issues to have a comprehensive review done by an expert broker well-versed in insuring complex, high-net worth lifestyles.
While it’s difficult to pinpoint the monetary consequences of the risks you and your family take each day, are you certain your current liability insurance offers you enough protection?
If you are found to be legally responsible for injuring someone or damaging their property without a personal umbrella liability insurance policy, anything beyond the limits of your standard liability insurance coverage will come out of your own pocket. Standard liability insurance generally includes homeowners, renters, auto and watercraft policies.
Playing Defense: Protecting Your Wealth - Part IIAdam Tau
Adam Tau, NYC financial advisor, wraps up his series on protecting your wealth with this second installment on why protecting your assets are so important and how a financial expert can help.
Playing Defense: Protecting Your Wealth Part IIAdam Tau
Adam Tau, NYC financial advisor, wraps up his series on protecting your wealth with this second installment on why protecting your assets are so important and how a financial expert can help.
Most of us understand "insurance” to be that stuff that you had to have for your car, your home, and your health. The “life” part was a big, blurry blob of “other.”
If that’s how you’re feeling, here are a few tips that might help bring things into focus — by understanding the “nots” of life insurance.
Riders are essentially additional benefits added to an insurance policy that often require an additional premium payment. In this way, riders can customize a life insurance policy to address specific needs or concerns. Here are the most important life insurance riders to consider.
While it’s difficult to pinpoint the monetary consequences of the risks you and your family take each day, are you certain your current liability insurance offers you enough protection?
If you are found to be legally responsible for injuring someone or damaging their property without a personal umbrella liability insurance policy, anything beyond the limits of your standard liability insurance coverage will come out of your own pocket. Standard liability insurance generally includes homeowners, renters, auto and watercraft policies.
Playing Defense: Protecting Your Wealth - Part IIAdam Tau
Adam Tau, NYC financial advisor, wraps up his series on protecting your wealth with this second installment on why protecting your assets are so important and how a financial expert can help.
Playing Defense: Protecting Your Wealth Part IIAdam Tau
Adam Tau, NYC financial advisor, wraps up his series on protecting your wealth with this second installment on why protecting your assets are so important and how a financial expert can help.
Most of us understand "insurance” to be that stuff that you had to have for your car, your home, and your health. The “life” part was a big, blurry blob of “other.”
If that’s how you’re feeling, here are a few tips that might help bring things into focus — by understanding the “nots” of life insurance.
Riders are essentially additional benefits added to an insurance policy that often require an additional premium payment. In this way, riders can customize a life insurance policy to address specific needs or concerns. Here are the most important life insurance riders to consider.
Personal umbrella insurance, also known as excess liability insurance, offers extra liability insurance. For example, in the event that your homeowners insurance or auto insurance liability has been maxed out, then umbrella insurance has you covered. It’s designed to protect you and your assets from major claims and lawsuits. Umbrella may also cover you in the event that you’re sued for slander, libel, false arrest. Visit our blog for more information on umbrella insurance policies.
Every day, thousands file for bankruptcy to get out of a serious debt problem they are facing affecting the persons bank accounts and lives. Causes leading someone to this unfortunate situation are many and here we will attempt highlight some of the more common ones. Regardless of the cause, bankruptcy is go-to solution for a lot of people finding themselves in financial dire straits.
The president of Insmax Insurance Brokerage, Inc., Lawrence “Larry” Koresko has worked in the insurance industry for over two decades. A frequent presenter at industry seminars, Lawrence Koresko addresses hot-button issues related to beneficiary designations.
In life insurance, you insure yourself to protect your loved ones. It's as if by putting on a helmet yourself, your child would be safe if he or she fell off the bike. It sounds illogical and yet it's not only true but it's very effective!
You probably guessed it, but your life insurance will pay a death benefit when you're gone. So you'll never really benefit from it. Instead, your spouse, children, parents or loved ones will be the real people protected by your life insurance. Since they would be the people most affected by your death, they are the ones you really protect by taking out your insurance.
Story of the GWO's efforts to revitalize opera and attract a new generation of audience members. Explains the opera-going experience, dispels common misconceptions, and includes interesting facts related to a classic performing art.
Personal umbrella insurance, also known as excess liability insurance, offers extra liability insurance. For example, in the event that your homeowners insurance or auto insurance liability has been maxed out, then umbrella insurance has you covered. It’s designed to protect you and your assets from major claims and lawsuits. Umbrella may also cover you in the event that you’re sued for slander, libel, false arrest. Visit our blog for more information on umbrella insurance policies.
Every day, thousands file for bankruptcy to get out of a serious debt problem they are facing affecting the persons bank accounts and lives. Causes leading someone to this unfortunate situation are many and here we will attempt highlight some of the more common ones. Regardless of the cause, bankruptcy is go-to solution for a lot of people finding themselves in financial dire straits.
The president of Insmax Insurance Brokerage, Inc., Lawrence “Larry” Koresko has worked in the insurance industry for over two decades. A frequent presenter at industry seminars, Lawrence Koresko addresses hot-button issues related to beneficiary designations.
In life insurance, you insure yourself to protect your loved ones. It's as if by putting on a helmet yourself, your child would be safe if he or she fell off the bike. It sounds illogical and yet it's not only true but it's very effective!
You probably guessed it, but your life insurance will pay a death benefit when you're gone. So you'll never really benefit from it. Instead, your spouse, children, parents or loved ones will be the real people protected by your life insurance. Since they would be the people most affected by your death, they are the ones you really protect by taking out your insurance.
Story of the GWO's efforts to revitalize opera and attract a new generation of audience members. Explains the opera-going experience, dispels common misconceptions, and includes interesting facts related to a classic performing art.
We offer complete commercial insurance services in Campbell CA to meet business owners insurance needs without being over insured and over charged while minimizing their liability risk.
Karras-Rule Insurance LLC are specialists in providing the best antique insurance, commercial insurance and liability insurance coverage in Campbell CA area, including general and professional liability insurance
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1. ASSETS AT RISK
A PROPERTY AND CASUALTY CHECKLIST FOR YOU AND YOUR FAMILY
You’ve worked hard to accumulate your
assets. Yet a single serious property loss
or liability judgment can wipe out all the
benefits of a solid financial plan.
PROTECTING YOUR WEALTH
It is very common that over time, your risk profile — what
you have to lose from a personal property and casualty
perspective — will tend to outgrow your insurance
coverages, leaving you vulnerable. Increased public
prominence, the purchase of an additional home, even
the adoption of a new hobby, can alter your insurance
needs in unforeseen ways. Many successful individuals
have complex, rapidly changing risk profiles demanding
sophisticated, specialized risk management services.
PROTECTING YOUR FUTURE
Identifying a need before it becomes a problem is key.
Working with Marsh Private Client Services, a division of
Marsh USA Inc., to help manage your complex risks will help
you foster the security and peace of mind that come from
knowing your assets and the lifestyle you have worked hard
to achieve are protected.
INSURANCE RED FLAGS
Keep this checklist of red flags handy. If any of these
“symptoms” of increased property or casualty risk exist, we
recommend a comprehensive review of your coverage by
an insurance broker specializing in placing complex risks.
Do you:
•• own multiple, high-value homes in multiple states?
•• own a home in a foreign country?
•• own a condo as a second residence or investment?
•• own property located in a catastrophic loss area?
•• plan to remodel or expand an existing home?
•• own a home with historic features or unique building
materials?
•• have a guest house, pool, or other high value structures?
•• co-own or have property titled in trust or an LLC?
•• have significant collections of art, cars, or other
valuables?
•• own antique cars that are used on a limited basis?
•• own aircraft, large boats, or thoroughbred horses?
•• have domestic help (either full- or part-time)?
•• have a child away at school?
•• have a high-visibility career or lifestyle?
•• serve on boards of profit or not-for-profit organizations?