Podcasts about umbrella policy

Forrest Owens, aviation attorney and private pilot, joins Dylan and Max to dive into the often murky waters of FAA enforcement, pilot liability, and what every professional and private pilot needs to know before picking up the phone. From NASA reports to ADS-B nightmares, this episode is your legal safety briefing—with a side of GoPro caution. Pilots, take notes… and maybe double-check your insurance policy. Forrest Owens | Aviation Legal Counsel Website Email: forrest@aviationlegalcouncil.com Phone: 888-635-9529 (888-6-FLY-LAW) AOPA Legal Services Show Notes 0:00 Intro 5:16 Pilot Deviation 15:39 Handling a Phone Call 22:48 AOPA & Liability 37:21 Umbrella Policy 42:27 Flying for Fun 46:14 Maintenance 53:29 Backcountry Landing   Be sure to subscribe to 21Five's Youtube Channel to see our luggage review videos! Connect with us on LinkedIn Our sponsors: Move your airplane without breaking your back or the bank! Max said the Amigo AeroTow's affordable T1 tug has 'changed his hangar life'. Learn more about AeroTow's family of aviation tugs and see why its earning rave reviews from top 40 aviation podcast hosts around the globe. Use code "21five" at checkout for $100 off any AeroTow product! -- Harvey Watt, offers the only true Loss of Medical License Insurance available to individuals and small groups. Because Harvey Watt manages most airlines' plans, they can assist you in identifying the right coverage to supplement your airline's plan. Many buy coverage to supplement the loss of retirement benefits while grounded. Visit harveywatt.com to learn more! -- Advanced Aircrew Academy enables flight operations to fulfill their training needs in the most efficient and affordable way—anywhere, at any time. We do this by providing high-quality professional pilot, flight attendant, flight coordinator, maintenance, and line service training modules delivered via the web using a world-class online aviation training system. Visit aircrewacademy.com to learn more! -- Tim Pope is a CERTIFIED FINANCIAL PLANNER™ and a pilot. His financial planning practice provides services to aviation professionals and aviation 401k plans. Tim helps clients pursue their financial goals by defining them, organizing & optimizing resources, planning, implementing, and monitoring their financial plan. Visit https://link.21fivepodcast.com/timothy-pope to learn more. Check out Tim's podcast: The Pilot's Portfolio podcast -- VAERUS MEANS RIGHT, TRUE, AND REAL.Buy or sell an aircraft the right way, using a true partner, to make your dream of flight real. Connect with Brooks at Vaerus Jet Sales | Learn more about the DC-3 Referral Program -- The 21.5 Podcast is supported by our friends at ProPilotWorld.com - The Premier Information & Networking Resource for Professional Pilots -- Do you have feedback, suggestions, or a great aviation story to share? Email us info@21fivepodcast.com Check out our Instagram feed @21FivePodcast for more great content and to see our collection of aviation license plates. The statements made in this show are our own opinions and do not reflect, nor were they under any direction of any of our employers.

In this episode of Beer and Money, Ryan Burklo and Alex Collins discuss the importance of umbrella policies in personal finance. They explain what an umbrella policy is, how it provides an extra layer of liability insurance beyond standard policies, and why it is crucial for protecting assets and income. The conversation also covers the cost-effectiveness of these policies and how to determine the right amount of coverage needed. The hosts emphasize the importance of consulting with financial and insurance professionals to ensure adequate protection against potential lawsuits. Check out our website:  beerandmoney.net For a quick assessment of your current financial life go to: https://www.livingbalancesheet.com/lbsVision/lite/RyanBurklo Takeaways Umbrella policies are critical for financial protection. Many clients are unaware of what an umbrella policy is. An umbrella policy provides additional liability coverage. The cost of an umbrella policy is relatively low. One claim can cover the entire cost of the policy. It's essential to have enough coverage to protect your assets. Consult with insurance agents to understand your options. Insurance companies are becoming stricter with coverage limits. Communication between financial advisors and insurance agents is vital. Understanding your risk exposure is key to financial planning. Chapters 00:00 Introduction to Umbrella Policies 02:03 Understanding the Importance of Umbrella Policies 04:05 What is an Umbrella Policy? 07:58 Cost and Value of Umbrella Policies 09:48 How Much Coverage Do You Need? 11:55 Conclusion and Call to Action  

In this show we discuss: -Minimum Down Payment Requirements and Closing Costs ft. Paul Salcone -The New NAR Changes ft. Ted Topouzis -What is an Umbrella Policy and Why You Should Have One! ft. John Lapointe -RIBlogger's Top 5 Late August 2024 Into Early September Events and Things To Do In Rhode Island!

Join us as we delve into the crucial topic of protecting your assets with an umbrella policy. Our guest, Devin Wells from Howard and Gay Insurance, sheds light on key aspects such as how an umbrella policy provides additional liability coverage beyond standard insurance, what the policy covers, how often to review the policy, and how to negotiate coverage and premiums with carriers.What is an umbrella policy? (1:49)What it covers (2:59)Why review the policy (3:48)New coverages in these policies (4:24)Who this is for (4:59)How it works with existing coverage (8:23)Life events in which to review or add a policy (10:22)Misconceptions (16:39)How insurance companies determine coverage and premiums (18:12)Negotiating with a carrier (20:27)Change in costs (21:20)How agencies work with different insurance carriers (21:59)Recent fraud (23:54)The process (27:21)Connect with Julina Ogilvie:Website- https://www.julinaogilvie.comWebsite- principlewealthpartners.com/teamEmail- jogilvie@principlewealthpartners.comYouTube- https://www.youtube.com/channel/UCTISXBl6sK8JsJn0ZhmQfkAFacebook- https://www.facebook.com/principlewealthpartnersLinkedIn- @julinaogilvieThe information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. The statements and opinions expressed in this podcast are those of the author. PWP cannot guarantee the accuracy or completeness of any statements or data. For current PWP information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with PWP's CRD #290180

Plant. Harvest. Prosper Quick Win episodes target precise answers to timely topics. Episode 26's Quick Win features two targeted videos from Financial Harvest's CEO, David Witter. David provides clear guidance on: How to protect your assets from being unjustly taken The importance of how you title your assets The role of trusts, irrevocable trusts and limited liability partnerships What an umbrella policy does and why you may need one Who benefits from tenancy by the entireties In only ten minutes this Quick Win topic will help equip you for better navigating the today's climate of unjust ligiations.

Welcome to another insightful episode of The Plant Movement Podcast, where we delve deep into the roots of the green industry. In this episode, we have a special guest, Adrian Guerrero, the owner of Insprovider, a leading business insurance provider catering to the unique needs of the green industry.Adrian takes us on a journey through the essential insurance coverages for businesses in Florida, including General Liability, Commercial Auto, Commercial Property, Umbrella Policy, Contractor Workers, and Inland Marine Insurance. His expertise sheds light on the crucial role insurance plays in protecting businesses and ensuring their growth in a dynamic market.Join us as Willie and Adrian both share personal insight into their journeys, reflecting on strict upbringings that ultimately shaped their entrepreneurial spirits. Willie, no stranger to a disciplined upbringing himself, explores the common ground with Adrian and how their past experiences have been instrumental in their current successes.The conversation takes a meaningful turn as Willie opens up about his faith in God and the importance of fostering a positive culture and environment within his own business. Both Willie and Adrian resonate with the idea that a strong foundation, both personally and professionally, sets the stage for long-term success in the green industry.Tune in as Willie and Adrian share anecdotes, industry wisdom, and personal stories that not only highlight the challenges and triumphs of their respective journeys but also provide valuable lessons for anyone associated with the green movement. Whether you're a seasoned professional or just budding in the industry, this episode offers a blend of practical insights and inspiration to fuel your growth in the world of plants.Get ready to cultivate success and thrive in The Plant Movement!InsProvider Call: (866) INS-PROVWeb: https://insprovider.comIG: https://www.instagram.com/insproviderThe Plant Movement Podcast Call: (305) 216-5320 https://www.theplantmovement.comFollow Us: IG: https://www.instagram.com/theplantmovementpodcast Visuals and Recording by Eddie EVDNT Gonzalez Audio Production by The one and only Mr. Producer Disclaimer: The contents of this podcast/youtube video are for informational and entertainment purposes only and do not constitute financial, accounting, or legal advice. I can't promise that the information shared on my posts is appropriate for you or anyone else. By listening to this podcast/youtube video, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found in this podcast/youtube video. Support the show

Join us in this informative podcast as we demystify 'Umbrella Policies' in California and discover how they can become your financial safety net.

The National Security Hour with Col. Mike and Dr. Mike – We delve into the costly involvement of the U.S. in the Israel-Palestine conflict, questioning its impact on American interests. They argue for a reevaluation of support, stressing the need to focus on domestic challenges, including border security and economic stability. The discussion underscores the importance of strategic national decisions that prioritize American well-being...

The National Security Hour with Col. Mike and Dr. Mike – We delve into the costly involvement of the U.S. in the Israel-Palestine conflict, questioning its impact on American interests. They argue for a reevaluation of support, stressing the need to focus on domestic challenges, including border security and economic stability. The discussion underscores the importance of strategic national decisions that prioritize American well-being...

We're kicking off the week by answering your listener questions! And if you have a question that you'd like for us to answer on the show, we'd love for you to submit your own via HowToMoney.com/ask , send us your voice memo. Regardless of how random or bizarre you might think it is, we want to hear it!   1 - After recently purchasing a home, I'm having a difficult time budgeting… help! 2 - Should we pay on our student loans if we're pretty sure they'll be forgiven next year? 3 - Is gold and silver bullion a good investment? 4 - Umbrella insurance policies… when does it make sense to purchase one?   Want more How To Money in your life? Here are some additional ways to get ahead with your personal finances: Knowing your ‘money gear' is a crucial part of your personal finance journey. Start here.  Sign up for the weekly HTM newsletter. It's fun, free, & practical. Join a thriving community of fellow money in the HTM Facebook group. Find the best credit card for you with our new credit card tool! Massively reduce your cell phone bill each month by switching to a discount provider like Mint Mobile.   During this episode we enjoyed a PranQster by North Coast Brewing- thanks for donating this one to the podcast Greg! And please help us to spread the word by letting friends and family know about How to Money! Hit the share button, subscribe if you're not already a regular listener, and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to change the conversation around personal finance and get more people doing smart things with their money!   Best friends out!See omnystudio.com/listener for privacy information.

Patti welcomes motivational speaker and life coach Laura Clancy into the studio to hear her unbelievable experiences with tragedy.  Many people have not dealt with this level of tragedy in their lives, much less what Laura and her family have gone through. Laura shares not one but three incredible stories of resilience through tragedy.  She will share her lessons learned so that every listener can be more proactive in protecting their assets and their families. This episode is not to be missed and is definitely one to share!

Ryan ReynoldsRyan Reynolds is an insurance expert who owns the independent insurance agency Grimes Insurance which is celebrating 75 years of business in Lubbock, TX, this year. Before that, he worked as a State Farm agent for many years. He is breaking down all the dos and don'ts about how to protect ourselves, our family, and the other party in case of an automobile accident. Some of the topics covered in this episode is: Liability insurance really protects the other person.Uninsured, underinsured motorist is very important and personal injury protection to make sure that the coverage on the policy protects you and your family.What is Umbrella Policy?What to do and not to do if you're in an accident.How to use the deductible to increase the amount of coverage.What to do if you are a victim of a hit-and-run accident.To contact Ryan Reynolds:, go to https://grimesinsurance.com/rreynolds@gmail.comhttps://www.facebook.com/ryan.reynolds.3532To contact Ruth, go to https://www.blairclinic.comruth@blairclinic.comhttps://www.facebook.com/rutelin

Representative of Five Dead Seek to Hold Owner of Vehicle's Insurer Responsible for Deaths and Injuries In Motorists Commercial Mutual Insurance Company v. Roger Hartwell; Lynnway Auto Auction, Inc., Safety Insurance Company; et. al. Nos. 21-1603, 21-1636, United States Court of Appeals, First Circuit (November 23, 2022) the plaintiff claimed it owed neither defense nor indemnity to persons not insured by it to claims that a vehicle the named insureds' owned while driven by the employee of an auctioneer killed five people and injured many. FACTUAL BACKGROUND The dispute arose from an auction at which a motor vehicle being displayed for bidding suddenly accelerated into a group of attendees, killing five and injuring many others. Defendants include those who claim an interest in Motorists' coverage: the victims, the auctioneer, and its employee. Both sides moved for summary judgment. The district court granted the motion for summary judgment in favor of Motorists. Nashua Automotive, LLC is a New Hampshire car dealership that sells new and used cars. It is owned by a dealership group called AutoFair, Inc. and operates under the name "AutoFair Volkswagen of Nashua." ("Nashua.") While Nashua sells most of their vehicles "retail" (to the public), about 8% or 9% of their revenues come from vehicles sold "wholesale" (online or at an auction). For its vehicles sold wholesale, Nashua primarily engages with a company called Lynnway Auto Auction, Inc., which operates an auction facility in Billerica, Massachusetts. Neither AutoFair nor Nashua owns Lynnway, and Lynnway does not own Nashua or AutoFair. At the time of the accident, Lynnway employee Roger Hartwell was seated in the driver's seat of the Jeep, though he claims that the vehicle accelerated uncontrollably despite his efforts to stop it. In due course, the victims and their estates filed a series of lawsuits in Massachusetts state court, alleging several theories of liability against Lynnway, Hartwell, Nashua and AutoFair, as well as other related individuals and entities. THE MOTORISTS' POLICIES All defendants moved for summary judgment, prompting a cross-motion from Motorists. Motorists pointed to the auto business exclusion which Motorists contended foreclosed coverage under the Primary Policy. It also argued that its Umbrella Policy's Following Form Endorsement provides auto coverage that is no broader than that provided for in the Primary Policy. --- Support this podcast: https://anchor.fm/barry-zalma/support

About: ● This week, Glenn was happy to sit down with Kyle Wallace from the Wallace Specialty Insurance Group. ● While Kyle is one of our newest sponsors, he's worked with Glenn since way back. In fact, Glenn has known Kyle since his days in dental school! ● Kyle has over 35 years of experience in the insurance industry. He's spent the last 25 working exclusively with dentists of all specialties and practices of all sizes. Kyle has seen “most everything” but, in his words, “seeing something new makes my day.” ● While Kyle has operated in a plethora of insurance-related matters, malpractice is his “first love” and his favorite area to operate in. ● As stated, Kyle is already a well-known face for many members of the Nifty Thrifty community. But he's also well known across other spheres of the dental profession—especially those who went to school or live in the Dallas area. Kyle has been recognized in the dental community as an authority on dental practice risk management and malpractice claims prevention. o More specifically, Kyle has taught the risk management portion of the AGD Master Track program in Dallas, has written several articles for Doctor of Dentistry magazine, and was a contributing author for the book, “The Practice Launchpad.” ● When Glenn was in dental school, he would watch Kyle speak and saw the wonders he was doing for his colleagues. Then, fresh out of dental school, Glenn ran into some deep water with an upset client who was offering to sue him. Kyle was able to help him overcome that situation, and they've been pals ever since. ● Whether you're a new dentist—like Glenn was—or you've been practicing for a long time, chances are that you're bound to run into issues surrounding disability and malpractice insurance. ● Wallace Speciality Insurance Group has evolved to serve more than 6,000 clients, and most of the day-to-day is handled by Kyle's team. That said, he's maintained the role of “claim's counseling” where he takes emails, calls, etc. from clients who are under a threat from a patient but that threat has not yet “escalated.” ● Typically, in order to get sued, you'll need to really mess up in something that Kyle deems a “black-and-white” or “obvious” situation. Otherwise, being sued is often more of a menacing threat than a reality. That said, you still need to be careful in order to prevent lawsuits! ● At the end of the day, we're all human. It's important to not let your emotions take the helm, and Kyle is your guy when it comes to pragmatically navigating a situation where you may be in jeopardy of a lawsuit. ● For those already working with Kyle, it's worth sending him an email because, chances are, you need a quick update on your current dynamic. ● Learn about… o What story does Glenn tell about his experience working with Kyle, and how does this story showcase Glenn's belief that “you never know how valuable it is to work with someone like Kyle until you actually get in trouble”?  o What's the “gap” Kyle sees between what happens on a daily basis in a dental practice and what an insurance company is “there to do”? How is it an “ol' hammer & nail” dynamic? o On that note, how does Kyle mitigate things before an insurance company needs to be involved in your situation(s)? o How has Kyle's insurance company grown over the year? o What do you need to know about an Umbrella Policy? o And more! ● Let's face it: any kind of insurance is one of the more expensive things we need to buy. So, it's worth making sure you're getting a bang for your buck! ● If you want to start the process, get the Nifty Deal and make a connection, feel free to send an email to:  kyle@wallacesig.com, call 972-663-5190, or visit their website at https://www.insurance4dds.com/. NIFTY DEAL: ● Free review of your insurance portfolio to help you find exactly what you need at the best price!

My Website Agency Launch training. Agency Launch Podcast. Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #231- How much coverage do you need on your umbrella policy? appeared first on Dietz Agency.

Andrew Lee from Lexington Insurance Services returns to share with host Scott Kooiman some true stories of actual claims while explaining what an umbrella policy is and why homeowners might consider one.

Umbrella Insurance is Only Obligated After Underlying Insurance is Exhausted Anthony DeSmet appealed from the summary judgment granted to Scottsdale Insurance Company on his claim alleging that Scottsdale had acted in bad faith in refusing to fulfill its responsibilities under the excess uninsured-motorist coverage in its umbrella policy. In Anthony Clarence Desmet v. Scottsdale Insurance Company, No. 21-6143, (D.C. No. 5:20-CV-00330-J) (W.D. Okla.), United States Court of Appeals, Tenth Circuit (June 24, 2022) the Tenth Circuit was called Upon to Determine if an Umbrella Policy that provided excess uninsured motorist coverage was auto insurance. Scottsdale, in its motion for summary judgment, invoked a provision in its policy that excused it from liability until DeSmet exhausted his uninsured-motorist coverage under his primary motor-vehicle liability policies. The USDC for the Western District of Oklahoma held that the exhaustion provision in Scottsdale's policy was valid and enforceable and that even if it was not, Scottsdale's reliance on the provision was not in bad faith. BACKGROUND On March 5, 2018, DeSmet suffered severe bodily injuries when his vehicle was rear-ended by a vehicle driven by William Akehurst. Akehurst's only automobile-liability coverage was a policy issued by State Farm Mutual Automobile Insurance Company, which promptly paid its $50,000 policy limit. This was insufficient to fully cover DeSmet's damages. If the liability limits of a motor vehicle are less than the amount of the injured insured's claim, that vehicle is classified as uninsured. Such tortfeasor drivers are commonly referred to as underinsured motorists. At the time of the accident, DeSmet had three separate motor-vehicle liability policies covering several motor vehicles. Each policy provided $500,000 in uninsured/underinsured motorist coverage. In addition, DeSmet had an umbrella policy with Scottsdale. An umbrella policy is a type of "excess insurance policy." Excess coverage is provided when, under the terms of the policy, the insurer is liable for a loss only after any primary coverage-other insurance-has been exhausted. The Scottsdale policy provided $2 million in excess liability coverage to supplement coverage provided in DeSmet's automobile-liability and home-owner's policies. An endorsement in the policy stated: It is expressly agreed that liability shall attach to [Scottsdale] only after the insurers of the "underlying insurance" have paid or have been held liable to pay (whether collectible or not) the full amount of their respective uninsured motorists and/or underinsured motorists liability[.] The term underlying insurance referred to existing motor vehicle liability policies carried by DeSmet that were listed in the Scottsdale policy's Declarations. Unhappy with the handling of his claim by one of his motor-vehicle liability insurers, DeSmet requested that Scottsdale "step down" and pay the claim itself. Scottsdale responded that per the terms of the policy, Scottsdale would pay only after the underlying insurance limits wexhausted. DeSmet filed a petition in Oklahoma state court on March 3, 2020, alleging that Scottsdale's conduct surrounding its refusal to pay amounted to a breach of its implied duty of good faith and fair dealing. The suit DeSmet filed included the following statement: At the time he sued DeSmet had received no payment on the uninsured/underinsured-motorist provisions of any of its three automobile-liability policies. --- Support this podcast: https://anchor.fm/barry-zalma/support

One of the Most-Googled Financial Questions, with Bill McDermott, Host of ProfitSense In this commentary from a recent episode of ProfitSense, Bill notes that one of the most often searched financial questions is about insurance and estate planning. He lays out the kinds of insurance a business owner should be concerned with both personally and […]

One of the Most-Googled Financial Questions, with Bill McDermott, Host of ProfitSense In this commentary from a recent episode of ProfitSense, Bill notes that one of the most often searched financial questions is about insurance and estate planning. He lays out the kinds of insurance a business owner should be concerned with both personally and […] The post One of the Most-Googled Financial Questions, with Bill McDermott, Host of

Nothing will kill your real estate investing career (or your personal finances) faster than an uninsured wrongful death or permanent injury claim on one of your investment properties! Most homeowners/landlord insurance policies have a maximum of $300k in liability coverage, and in the event of a death or permanent injury on one of your rental properties, this is not enough.In this week's quick tip, Jeff discusses umbrella liability policies with Florida insurance guru Mike Tonsetic, owner of Blanchard Insurance. Jeff and Mike discuss:Why a personal injury claim can be the single greatest liability risk landlords and real estate investors face.Why personal injury and wrongful death claims greatly exceed the risk of property and casualty losses. How the "corporate veil" can be pierced by personal injury attorneys.How an umbrella liability policy protects real estate investors from this serious liability. Why an umbrella policy can be a one time "get out of jail free" card for real estate investors.

Listen to how ordinary people built extraordinary wealth - and how you can too. You'll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

One of my favorite things to do as an agent is to remove coverage that a client doesn’t need, and repurpose that premium into more coverage that they do need. Edge Solutions and Services Bombbomb My Website Agency Launch training. Agency Launch Podcast. Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes […] The post Simply Explaining Insurance #190- How to get a free umbrella policy appeared first on Dietz Agency.

Investors have gotten surprisingly much wealthier since the pandemic began. Therefore, it's important to protect your assets with an umbrella policy. If you haven't updated your umbrella policy in several years, you are likely underinsured for liability and lawsuits. See: Your Umbrella Policy Needs To Be Updated

To support this ministry financially, visit: https://www.oneplace.com/donate/1090/29 Rob West speaks about the importance of an umbrella policy.

What is Uninsured and Underinsured Motorist coverage and is it important to have on your Umbrella policy? We're going to explain what all of that means and then help you determine if it's necessary for your situation on this episode of Wise Money! Season 6 Episode 43 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit www.korhorn.com or call 574-247-5898.   Find more information about the Wise Money Show™ at www.wisemoneyshow.com  Be sure to stay up to date by following us!  Facebook - https://www.facebook.com/WiseMoneyShow  Twitter - https://twitter.com/WiseMoneyShow  Instagram - https://www.instagram.com/wisemoneyshow/  Want more Wise Money™?  Read our blog! https://www.korhorn.com/wise-money-blog  Watch the guys in the studio: https://youtu.be/QxCaQPK6hu8  Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

An extremely cost effective, powerful tool to better protect you - are you covered? How are you protected if someone were to sue you? (01:55) Umbrella policy: what is it? (02:54) Quote for the episode: "So we always want to be having a mindset to protect against the catastrophic." Securities offered through TFS Securities, Inc., Advisory Services through TFS Advisory Services, a SEC Registered Investment Advisor Member FINRA / SIPC.  TFS Securities, Inc. located at 437 Newman Springs Road, Lincroft, NJ 07738 (732) 758-9300.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 Filling out the application, a life insurance salesman asked a woman if she knew what she’d get if her husband died. She thought for a moment and replied, Probably a poodle. But insurance is no laughing matter and it’s pretty handy at times. Today, Kingdom Advisors President Rob West explains why a certain type of policy could be a real lifesaver for your finances. An umbrella policy is a type of insurance policy that protects your assets and even yourfutureearnings from catastrophic lawsuits; think of it as a booster policy giving you protection beyond what you have with your home and auto policies. One of the best things about umbrella policies is that they’re inexpensive. Typically, you can add a million dollars of additional coverage for just a fewhundreddollars a year. I lead a quiet life and mind my own business. I don’t have any reason for this kind of coverage. Yes, but most people have at least one reason to get an umbrella policy. For example, let’s say you have a teenage driver. The chances of having an accident go up considerably with a teenage driver, which is why auto insurance premiums are so high for them. An umbrella policy will pay out above those liability limits if your youthful driver injures someone or damages their car or property. Harming someone’s reputation. Let’s say you’re not happy with a home remodeling project and you take it out on the contractor on social media. He or she sues you for loss of business. Would they win? Just fighting the lawsuit would be expensive. Worse, your homeowner’s policy (designed to cover personal injuries) may not cover a judgement against you for harming someone’s reputation. Here’s another one. Let’s say you coach a little league team or some other sport. Do you know what type of coverage the league has in the event a car is damaged by a fly ball? Or worse, what if a child is injured? An umbrella policy would protect you here. Also, make sure your regular homeowner’s policy doesn’t exclude coverage for athletic activities. Some do. Here’s an obvious one that affects almost 40% of households. You own a dog. The Insurance Information Institute says that dog-related injuries in some years reach $700 million and some homeowner’s policies exclude coverage for certain breeds of dogs. So, if you like the idea of your Rottweiler or Pitbull keeping your house safe from burglars, you’d better get an umbrella policy. Say that you have a long commute. Obviously, the more miles you drive, the more likely you are to have an accident (and your auto insurance premiums are probably higher to begin with). It’s possible you could be hit with damages that go beyond the limits of that policy. Other drivers and passengers’ families and estates can sue you for current and future medical expenses, pain, suffering, and lost income. So again, an umbrella policy that costs a few hundred dollars a year is a small price to pay for protecting your assets. On today’s program we also answer your questions: I want to invest my cash wisely. What’s the best way to put my money? I’m a compulsive spender. What would you suggest I do that could help me with this tendency? I’m going to be retired soon. I’m single, never married, and am 68. However, things are going to be getting really tight. What advice do you have to supplement my income? Ask your questions at (800) 525-7000 or email them atquestions@moneywise.org. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

Get tips on saving money and reducing risk with insurance as a real estate investor.A special thanks to Brian Armstrong with Arrow Insurance Professionals for significant contributions to this presentation.Arrow Insurance ProfessionalsBrian ArmstrongPhone: (303) 284-2997Email: brian@arrowinsuranceprofessionals.comWebsite: http://arrowinsuranceprofessionals.comTo see the outline or watch the video of the presentation, check out the blog post here:https://realestatefinancialplanner.com/8-money-saving-risk-reducing-real-estate-investor-insurance-tips/

We have a great lineup of your social media questions. We have received so many positive comments about these episodes. If you have a question for us please email to podcast@rocklandusa.com QUESTION 1I just moved my 401k into a target date.  I went with 80% Target date and 20% into Vangaurd 500.  Does that sound […]

Hello and welcome back to the podcast. Today we’ll be talking about umbrella insurance. I’m sure you’re familiar with auto insurance, home insurance, health insurance, maybe even travel insurance. But you may be wondering why on earth you would need to insure an umbrella. Well umbrella insurance doesn’t really insure umbrellas. It gets its name because it offers extra protection and sits on over of other insurance coverages you already have. Umbrella insurance is also called excess liability or personal liability insurance. It’s there to protect you from the financial fallout of a really a large claim or lawsuit. For example, if you unintentionally cause a car accident, or someone is hurt on your property and the claims are higher than your auto or homeowner’s insurance coverage, umbrella insurance begins to pay after your other insurance is exhausted.Why is this important? An umbrella policy protects your existing personal assets (what you own) and even future assets like wages from being taken away to pay the cost of losing a lawsuit over a car accident or an accident on your property. Lose a lawsuit like that and you could have to pay the winning party for medical expenses, legal costs, and lost wages, which can become really expensive really fast. You don't have to be wealthy to benefit from an umbrella policy. Even if you don't own much now your wages could still be garnished. Now, if you are young, you don’t own a home, and don’t have much savings, you may not need umbrella insurance. The auto and renter’s insurance you have may be adequate to cover you. But the more you have (or the more someone thinks you will earn), the more you can lose, and the more likely you are to be the target of a lawsuit. WHAT you have or HOW you live your life may also increase your chances of being sued. Like having a swimming pool or trampoline. If you have pets that could cause injury like dogs, horses or other large animals. Do you like to host large parties at your house? Drive during rush hour, when drivers are more likely to get into an accident. Coach youth sports?If you own rental property you are also at higher risk and should have umbrella insurance. Your personal umbrella policy CAN provide you liability protection for accidents at rental property too. But you have to be sure it is included. For example, my umbrella policy will cover up to four rental properties before I need a commercial liability policy. Ask specifically what is covered when shopping around.How does umbrella insurance work? An umbrella policy provides excess coverage above and beyond what your homeowners and auto insurance policies provide. Let's say your auto policy pays up to $300,000 of medical expenses per accident and your umbrella policy is for $1 million. If you are sued for $900,000 because of a car accident, your auto insurance would pay $300,000 and your umbrella policy would pay the remaining $600,000. Your legal expenses are covered as well. Umbrella policies usually provide $1 to $5 million of extra coverage. You choose the amount of coverage. One million dollars of coverage typically costs $150 to $300 per year. When you shop for an umbrella policy, the insurer will require you to have a specific amount of liability coverage in your existing auto and homeowners’ policies. Remember umbrella insurance sits above you other insurance, it doesn’t replace it. It will only pay after you regular insurance has paid. Know those base requirements and increase your auto and homeowner liability limits if necessary. You may get a better price buying your umbrella insurance from the same company you have your home and auto insurance with, though its not required to be with the same company. Now, umbrella insurance won’t cover your own injuries or damage to your own property. Your health insurance is for your medical expenses. Your homeowner’s insurance would cover your property from l

What’s the difference between 831(b) and 401(k) planners? Not much, just a different tax code. Both allow clients to put away profits today to weather tomorrow’s storms. In this episode, Toby Mathis of Anderson Advisors talks about captive insurance with Van Carlson, CEO and founder of Strategic Risk Alternatives (SRA). Van has more than 25 years of experience within the risk management industry. He began his career with Farmers Insurance Group as an agent. Now, he focuses SRA on risk management primarily and facilitates SRA to assess and solve for clients’ risks. Van’s primary goal is to continue the upward growth of SRA and develop new products to bring to market. Highlights/Topics: S. Tax Code and Americans: The tax code is used for tax planning, but should be used for its original purpose to be a risk mitigation tool. Umbrella Policy and Casualty Insurance: You find out how good of a policy you have when you need it. An umbrella policy isn’t over the top, but it doesn’t cover everything. COVID-19: Read the fine print of policies and seek advice from agents. Pandemic coverages are not considered a coverage under the Business Interruption Endorsement. Captive Insurance: Set up your own insurance company—you own it and you're paying premiums you deduct. The insurance company doesn't have to pay tax on premiums. Who is it for and what type of risk could it insure? Risk is not a problem. Business owners that are advanced in their thought processes and more forward-thinking recognize and understand asset protection and the risk it takes. Actual Physical Loss: Business Interruption Policy pays for your employees and building loans, unless it doesn't have direct physical loss. Right to Defend on Liability Policies: Even if there's no coverage but you get sued, general liability policies cover the legal defense. Lawsuits are going to be the next big thing when people, guests, and patients, not employees, contract COVID. Rules and Regulations: Two tax codes allow you to defer income out of your business. 401(k) for the retirement of yourself and employees, and 831(b) to build up reserves, take profits today and in the future. Four-Part Test: Do transfer risk, risk distribution, insure only things that can happen by accidents (not business risks), and act in a principal’s insurance to elect under 831(b). Gross Revenue: Cap it because if your gross revenue goes up, your premium increases. The more gross revenue you have, the more exposure you have for claims. Cancel Culture: Detrimental to businesses; have cash on hand because banks aren't going to help you out all of a sudden. Declare a Dividend: Take it out as a long-term dividend rate and shut it down, pull out capital gains, or put it to work. Investment Agreement: What can be done with the reserves? There are rules, but for the most part, clients just leave it to the bank and go forward with the risk. Brand Damage: Dependent on third-party vendors, you can’t go and unlock your door, open it, and open for business. Get there, reach in, and obtain client information. Resources: Strategic Risk Alternatives (SRA) https://strategicriskalternatives.com/ SRA’s Email mailto:info@strategicriskalternatives.com 831(b) https://www.captive.com/articles/the-basics-of-the-831(b)-election-for-captives 401(k) https://www.irs.gov/retirement-plans/401k-plans Business Interruption Insurance Policy https://www.investopedia.com/terms/b/business-interruption-insurance.asp Errors and Omissions (E&O) https://www.investopedia.com/terms/e/errors-omissions-insurance.asp Health Insurance Portability and Accountability Act (HIPAA) https://www.hhs.gov/hipaa/for-professionals/privacy/laws-regulations/index.html Paycheck Protection Program (PPP) https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program Toby Mathis https://andersonadvisors.com/tobymathis-2/ Anderson Advisors https://andersonadvisors.com/ Anderson Advisors Tax and Asset Protection Event https://andersonadvisors.com/asset-protection/ Anderson Advisors on YouTube https://www.youtube.com/channel/UCX5nh607M8hSBLiMB9MgbIQ

In this episode, Aaron and Trishul reflect on past New Year's Eve celebrations, from staying up until midnight as a child to partying as an adult. But now that they have young kids, New Year's Eve is much tamer. Living on the West Coast, Aaron appreciates celebrating at midnight Eastern Time so he can get to bed at a reasonable hour. Given COVID-19 concerns, this year most households likely will "party" the same way as parents with young kids do; by staying home. Even so, there is one thing that we can all get excited about--it is that 2020 is officially over.Episode ReferencesMMS #24. Always shop around for insurance, and above all avoid these common traps.New Year's Eve Safety TipsEastern Time vs Pacific TimeWalking DrunkYear End ChartsPodcast DescriptionWelcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

If you are a property investor, this video is for you!

Eddie Paez with the cost, the coverage, and the limits of an Umbrella Insurance Policy. Eddie Paez, Farmers Insurance Tel: 918 231 7900 www.farmers.com To schedule a FREE real estate specialists consultation please contact Darryl Baskin, Sabrina Shaw and Pamela Wright of Baskin Real Estate Specialists powered by eXp Realty. DARRYL BASKIN Baskin Real Estate Specialists, eXp Realty Email: darryl@darrylbaskin.com Tel: 918 258 2600 Tel: 918 732 9732 SABRINA SHAW Baskin Real Estate Specialists, eXp Realty Cel: 918-637-7826 Direct Line: 918 637 7826 Office: 888 560 3964 PAMELA WRIGHT Baskin Real Estate Specialists, eXp Realty Cell: 918-370-2801 Direct Line: 918-707-8641 Office: 918-238-7171 Thinking of Selling? Get your FREE Home Valuation complete with local comparables instantly. https://www.homeguidetulsa.com/sell.php Looking to Purchase? Search thousands of current listings directly from our local MLS. https://www.homeguidetulsa.com/index.php?advanced=1&display=&custombox=&types[]=1&beds=0&baths=0&min=0&max=100000000&rtype=map#rsl

Basically, there are three main types of insurance that cover your home and your personal property - homeowners insurance, renter's insurance, and rental property insurance. The key question here is whether or not you own the home you're living in. Homeowners insurance is what you need when you own your home and you're living in it. Of the three types, homeowner’s insurance covers the most. Because of this, it is a bit more complex, costs more than the other two, and requires you to provide the insurance company with the most information. If you have a mortgage on the house your mortgage company will probably require you to have homeowner’s insurance. When you go to apply for home owners insurance you’ll answer questions about the house, like location, year built, etc. A standard policy will cover damage and losses to the house itself, and your belongings (except vehicles). It also helps protect you from liability claims, such as personal injuries or pet-related incidents. It usually also covers other structures on the property like a shed or detached garage up to a specified amount. It’s also really important to know what’s not included in your policy, like flood or earthquake insurance. You usually need to separate policies for these. Ask questions and read the policy details. Ideally, your equals its replacement cost, that is what it would cost to rebuild - not your home’s purchase price. Your insurance agent should be able calculate the replacement cost for you. You’ll also need to have an idea of what your personal belongings are worth. Take a good inventory. Going through your home with a smart phone and taking pictures of everything is a great way to start. Coverage applies to everything in your home beside the house itself, like appliances, clothes, furniture, electronics, and even the food in your fridge. It kicks in if your belongings are destroyed, stolen, or vandalized. More expensive items like jewelry or a special collection, may need added insurance. If you rent an apartment or house or live in in the barracks or military housing, you need is renter's insurance. This covers all your personal belongings, as well as provide some liability coverage. It does not cover the building itself. That's the responsibility of the landlord. Renters insurance is the cheapest averaging less than $200 a year. It's also the simplest to get. The insurance company will want to know your address, and what your stuff is worth. If you have some more expensive items like jewelry or a special collection, you may need added insurance. It's very important to remember that the landlord's insurance will not cover your personal belongings. That's your responsibility. Third type, rental property insurance, will cover a home you own and rent out to somebone else. It covers just the building itself and NOT the personal belongings of the tenants or renter. It also provides you the landlord, but not the renter, with some liability protection. However, as a landlord you should consider getting additional, sperate liability coverage, like an Umbrella Policy for extra protection from lawsuits. Rental property insurance often also includes coverage for lost rent if the house is partially destroyed and is not habitable. I’ve covered some basics today and hope this clears things up a bit. There's a lot more to these kinds of insurance. Never assume you're covered for something. Read the policies carefully, ask questions, and discuss your specific needs with your insurance agent. If you have any comments or would like your question answered on a future podcast, drop me a line. You can find my contact information at moneypilotadvisor.com.

The crew discusses current politics, the Colorado wildfires, and insurance policies

This podcast explains how the uninsured and underinsured endorsement works on an umbrella policy. Links My Website Music by Roger Clyne and the Peacemakers Simply Explaining Insurance on ITunes Simply Explaining Insurance on Spotify. On Stitcher On Android use Podcast Addict and search for Simply Explaining Insurance. The post Simply Explaining Insurance #139- Uninsured and Underinsured Motorists on an Umbrella Policy appeared first on Dietz Agency.

#003 - In this interview, Wendy Everson, an insurance agent with AAA for 34 years, shares her extensive knowledge and experience in this field with us. You will learn the definitions of many insurance terms, what the minimum requirement is, add-ons that may be beneficial to you, how insurance works, why you need it, and how you can go about getting it. Wendy breaks it all down in an easy and organized way making this often intimidating subject, effortless. How good it will feel to buy only what you need and know what they are talking about!For show notes and links to things mentioned in this interview, go to:https://howtolife.com/003

Is your house covered against flood damage? Are you protected if your dog bites someone? If you fall ill, who will pay your mortgage? If you are unsure how to answer any of these questions, then this is a podcast you need to listen to.In this episode of the Agent of Wealth podcast, Marc Bautis brings in Jason Street, President of Allegiance Insurance Brokers to discuss how they work together to ensure their clients have the coverage they really need. They will break down the different types of insurance that everyone should consider as part of their protection plan. In this episode, you will learn:Why it is important to know how much coverage you currently haveHow an insurance broker helps you identify the right coverage for youWhat an umbrella policy is and how it may be the right coverage optionWhy disability insurance is importantAnd more!Tune in now to hear how you can ensure your future is protected properly!Resources:Bautis Financial: (862) 205-5000 | Allegiance Insurance Brokers

Insurance isn’t maybe the most exciting subject but one that Darlene and myself feel is important to cover with our Teenage Boys. We want them to know that they need to protect their assets as their assets grow. Especially since today with all the Lawsuits that are filed. It is hard to not watch TV in our house and not have many different Personal Injury Lawyer Commercials come up on TV. Insurance costs a really big expense most people have and the costs can vary so much from company to company. In our situation we are one of the lucky families that have no debt so we have more that we want to protect from losing. We have higher amounts of Protection to help us with that. But since we have our Emergency fund complete, we are able to have higher deductibles so we can have lower cost for our Insurance. We have Term Life Insurance on Darlene to Protect her income from her day job till she fully retires and the boys are out of the house. We are looking at Umbrella Policy’s currently for more Coverage now that Logan is driving In this podcast I covered some ways we lowered our Auto, Home and Life Insurance cost lately and our plan for the future. Let me know your thoughts or ideas. If you are looking for a Financial Coach drop me a note. Visit my Podcast at www.Live4.Clubon Anchor.fm, Spotify, Pocket Casts, Breaker Audio, Google Podcasts, Radio Public, i-tunes, Apple Podcast and more. If you would like to be a guest on my Podcast drop me an email at bruce@millsway.com Support me at Anchor.fm/Live4, Patreon.com/Millsway or Paypal.me/Millsway Thanks, and Have a great night. Please Support or Follow me at https://www.patreon.com/millsway Bruce of MillsWay.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/live4/message Support this podcast: https://anchor.fm/live4/support

That's right, Brandi and Nicholas talk about different strategies when dealing with a breakup and different strategies on how to keep the love hot! PLUS Brandi will be heading to NYC to appear on Watch What Happens Live, but this time she got an Umbrella Policy! Who knows what she'll say now!!! AND lastly, but definitely not least, Brandi discovered there is an Australian Love Island. How do we watch this show?!! Watch and Subscribe to Brandi's YouTube Channel for some incredible stuff ! www.youtube.com/BrandiGlanvilleOfficial Keep up to date with Brandi on Instagram. Listen to all of Brandi's shows on strawhutmedia.com New shows are popping up all the time. Follow Straw Hut on instagram for the latest news! Learn more about your ad choices. Visit megaphone.fm/adchoices

That's right, Brandi and Nicholas talk about different strategies when dealing with a breakup and different strategies on how to keep the love hot! PLUS Brandi will be heading to NYC to appear on Watch What Happens Live, but this time she got an Umbrella Policy! Who knows what she'll say now!!! AND lastly, but definitely not least, Brandi discovered there is an Australian Love Island. How do we watch this show?!!Watch and Subscribe to Brandi's YouTube Channel for some incredible stuff !www.youtube.com/BrandiGlanvilleOfficialKeep up to date with Brandi on Instagram.Listen to all of Brandi's shows on strawhutmedia.comNew shows are popping up all the time. Follow Straw Hut on instagram for the latest news!Learn more about your ad choices. Visit megaphone.fm/adchoices

That's right, Brandi and Nicholas talk about different strategies when dealing with a breakup and different strategies on how to keep the love hot! PLUS Brandi will be heading to NYC to appear on Watch What Happens Live, but this time she got an Umbrella Policy! Who knows what she'll say now!!! AND lastly, but definitely not least, Brandi discovered there is an Australian Love Island. How do we watch this show?!! Watch and Subscribe to Brandi's YouTube Channel for some incredible stuff ! www.youtube.com/BrandiGlanvilleOfficial Keep up to date with Brandi on Instagram. Listen to all of Brandi's shows on strawhutmedia.com New shows are popping up all the time. Follow Straw Hut on instagram for the latest news!

Brian and Shant discuss juror misconduct and the collateral source rule, forum selection clauses, employment contracts, and a new statute that's favorable to plaintiffs, two issues of first impressions regarding the five year rule in a "death knell" doctrine, uninsured motorist coverage in the context of an umbrella policy, and PAGA & claim splitting. Have questions for us? You can reach us at 213-217-5000, or visit our website at www.kbklawyers.com. 

In episode 171 of Financially Simple, Justin looks at Umbrella Insurance policies. Your typical insurance coverage only goes so far, and if the claim exceeds the coverage you can have problems - Umbrella coverage covers these instances. Justin explains the basics of Umbrella Policies, what they cover and why you might need one. TRANSCRIPT/BLOG:https://financiallysimple.com/what-is-an-umbrella-insurance-policy-and-why-do-you-need-one/ Don’t forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! _________________   TIME INDEX: 01:00 - What is an Umbrella Policy And Why Do You Need One? 02:54 - What Does it Cover 04:14 - What Doesn’t it Cover 05:05 - When Should You Have an Umbrella Policy 10:49 - How it Works 11:58 - How Much Do You Need? 14:10 - Wrap Up _________________   RESOURCES: Financially Simple Educational Website Financially Simple on YouTube Financially Simple podcasts are recorded on a Blue Yeti Microphone & Samsung Notebook 9. Subscribe to the Financially Simple Newsletter NEW Book: The Ultimate Sale - A Financially Simple Guide to Selling Your Business for Maximum Profit _________________   BIO: Host Justin Goodbread, Certified Financial Planner, Certified Exit Planning Advisor, Certified Value Growth Advisor. He is a serial entrepreneur, author, speaker, educator, Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional. The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States.

On today's show, Ralph talks insurance, specifically umbrella policies both as the ultimate level of liability insurance but also as a fail-safe for your assets.  Submit your questions or ideas for future shows, tweet us at @askralphmedia or email us at askralph@askralphmedia.com. Like us on Facebook and follow us on Twitter (@askralphmedia) or visit www.askralphmedia.com for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to www.askralph.com for more information!

Scott Smith is the owner of Royal Legal Solutions, an asset protection company for real estate investors which develops strategies to maximize tax savings and protect from lawsuits. He himself is a real estate investor who holds real estate investments in 10 states. He believes that if a person is building a real estate empire, he is bound to get sued and being one step ahead is the wisest way to protect his assets. During the episode, Scott explains the 6 keys that would help property owners protect their assets from devastating lawsuits. In the real estate world, getting sued is a common thing and a very expensive one. He explains the foundation of asset protection and several ideas that go with it. Listen in and find out why real estate investors need professional asset protection.   Where we are: Johnny - Ukraine Sam - Florida   Links: Royallegalsolutions.com   Time Stamps: 07:57 – His journey to Real Estate Investing 12:28 – The foundation for protecting assets 17:45 – Lawsuits from accidents 20:21 – The truth about Insurance Companies 22:10 – Getting started with Asset Protection 23:37 – Series LLC 28:43 – Insurance and other asset protection 31:17 – Recommendations for what insurance to choose 32:51 – Umbrella Policy 33:33 – Separation of the asset with your personal name 34:37 – Compartmentalization of Assets 37:43 – The Unanimity Structure 40:20 – What do Royal Legal Solutions do?   If you enjoyed this episode, do us a favor and share it! Also if you haven’t already, please take a minute to leave us a 5-star review on iTunes and claim your bonus here! Copyright 2017. All rights reserved. Read our disclaimer here.

https://www.youtube.com/watch?v=213FWlAdFY0 Home and auto insurance are two pillars of insurance protection that are almost universally understood to be necessary. However, when it comes to choosing and paying for coverage, you have nearly infinite options.  The range of coverage details, exemptions, coverage amounts, and limitations add complexity.  This can make shopping for insurance seem like a maze without an exit.Without the knowledge of what to look for, your home and auto insurance can become a costly money leak.  But overwhelm is no reason to pay more than you need to or settle for coverage that's less than best. Your goal is to pay the least for the best possible coverage.  To help you do that, we want to show you the tricks of the trade.  These insights will help you become more efficient with these coverages, keeping more of your dollars in your pocket. With these strategies, you'll get the best deals on your home and auto insurance and win at insurance shopping. In the last article, we gave you the seven tips to save on insurance in general.  Today, we'll apply that specifically to your home and auto insurance to answer: How do I make the best decisions on my home and auto insurance?How do I shrink my home and auto insurance cost while maximizing my protection?What do I include in my home and auto insurance coverage to get the best for the lowest price? We'll first walk you through understanding your coverages.  Then we'll give you the exact tips to get the best value home and auto insurance for the least premium.  You'll feel protected and secure, without mourning the cost. Once we've done that, we'll walk you through the added layer of business insurances.  We'll show you how to maximize your coverage and minimize your costs as you protect one of your most valuable assets. You'll gain confidence and peace of mind without giving up any more of your dollars in monthly expenses than necessary. Table of contentsWhere Insurance Fits into Your Whole Personal EconomyUnderstanding Your Auto InsuranceThe Primary Purpose of Auto Insurance: Liability ProtectionCoverage Limits for Liability ProtectionWhen They're at Fault, but Their Insurance Isn't Enough to CoverCoverage Limits for Uninsured/Under-Insured Motorist ProtectionWhat Coverage Protects Me in Other Scenarios?Comprehensive and Collision Auto InsurancePersonal Injury ProtectionHomeowner's InsuranceProtecting Your StuffStructuresContentsUnderstand Up Front What's Not CoveredProtecting YouUnderstanding Your Umbrella InsuranceHome and Auto Insurance: Keys to Getting the Most for the Least#1) Start with the Maximum Coverage#2) Raise Your Deductible#3) Get At Least the Minimum Liability Coverage to Get an Umbrella Policy, and Get the Umbrella#4) Rack up Your DiscountsUnderstanding Business InsuranceCommercial Property InsuranceBusiness Liability InsuranceGeneral Liability InsuranceProfessional Liability InsuranceWorker's CompensationEmployment Practices Liability InsuranceCommercial Umbrella InsuranceOther Coverages to ConsiderBusiness Overhead Expense InsuranceKey Person Life InsuranceBusiness Insurance: Maximizing Your ValueThe Bottom LineUp NextThe Whole Series on Insurance ProtectionTake Action Where Insurance Fits into Your Whole Personal Economy Let's zoom out for a moment to remember where and why insurance fits into your Cash Flow System. Your foundation starts with keeping more of the money you make.  Second, you protect what you've built.  Finally, you increase your income to create time and money freedom and expand your legacy. Insurance fits in the protection stage.  With it, your livelihood is no longer at risk, but secure, regardless of the life circumstances you face. Your protection is like a roof on your financial house.  When the shingles are sufficient and cover the whole house, it keeps storms outside your house, preventing them from getting inside and destroying your belongings.  Similarly,

Have you considered an umbrella policy as a homeowner? I'm joined by an expert to help me explain what you get with this type of coverage.Looking to buy a home? Get a Full Home Search   Looking to sell your home?  Free Home Price EvaluationUmbrella policies are extremely important if you own a home or rental property. To help me explain why, I'm joined today by Zachary Schneiderman of Schneiderman Insurance Agency.An umbrella policy adds liability coverage on top of underlying policies. So if you have auto and homeowners insurance, they each have their standard liability limits. The umbrella policy requires a certain minimum amount of liability underlying it. It usually adds on in $1 million increments over your home and auto. It's about $300 a year for two cars and a home, which isn't that much money to spend for a lot of liability coverage. If you have an auto accident or an accident at home, that liability you carry isn't always enough when you think about the catastrophes that can happen. Any sort of accident in your home can bring liability against you as the homeowner. An example would be someone getting hurt on the diving board if you have a pool. That's why you want to be sure you have enough protection to hopefully settle the matter with the other party.An umbrella policy adds liability coverage on top of underlying policies. Another reason an umbrella policy is so important is for things like getting sued after an auto accident. If you don't have enough insurance and someone is severely injured in an accident, the medical costs and pain and suffering costs awarded by the court can be well above the $250,000 you have as your limit of your auto policy. An umbrella policy provides you that extra money for a very cheap price and gives you the ability to have an insurance company step in and defend you and settle the matter so that nobody comes after your assets. If you don't have enough money on your auto policy in this example, they're going to go somewhere else to find  the rest or if.If you're a landlord and have rental property, the umbrella policy is really a no-brainer. Anything you own as a personal liability policy—home, auto, motorcycle, boat, jet skis, etc.—you can have under your umbrella policy. You can have a rental property under it as long as it's four units or fewer. It becomes a little bit more expensive for every unit you add on, but you add that liability with one policy over all of those other elements you own and give yourself a lot more protection. Remember, when you're in those positions, you likely have more assets. It's not a lot of money to add that liability. It's a simple solution to giving you peace of mind no matter what instance comes up. As Zachary says, they don't know what claims will be brought against you, they just know that there's always the potential. If you have any questions about these policies, you can reach Zachary at (818) 322-4744 or visit his website.As always, if you have any real estate questions, don't hesitate to give me a call or send me an email. I'm always happy to help!

  On today’s episode, Richard Duquette discusses how bicyclists can recover justice. This primarily concerns issues involving uninsured or underinsured motorists. Tune in and learn how you can proceed with your case! Dealing with Insurance Coverage An uninsured motorist is someone without an insurance, while the underinsured is someone who has a limited insurance coverage. If these bad guys hit you, the good thing is your auto policy can make up for it.   Take for example if the bad guy only has $15,000 in his insurance, but the damage costs $100,000. You can get the $15,000. To make up for it, the underinsured can get the $85,000 balance from his own strong insurance policy. Supplementary Podcast Episodes Richard previously wrote about the need to obtain strong insurance coverage. You can check podcast Episode 25, “Cyclists Don’t Skip Insurance” and another episode titled “Shopping for an Umbrella Policy.”   The episodes provide preliminary information about uninsured and underinsured coverage. You can also find a general outline of different insurance agencies.   If you didn’t know, the Umbrella Policy is among the best financial planning tools. It can help protect you. i.e. if you don’t have health insurance, or for lost wages, or disfigurement.   A Recent Case Richard recently won a case for a Major in the Marines. The bad guy only had $50,000 in his insurance. However, the damages exceeded it.   They ended up with $369,000 through the uninsured and underinsured motorist policy provision. That means you can get justice from your auto policy. To hear about how Bicyclists Can Recover Justice, download and listen to the entire episode. Don’t forget to leave us a rating and review if you enjoyed the show. We would love to hear from you!   Connect with Richard L. Duquette at the following links:   Richard's Website Email Richard Call Richard: 760-730-0500 Connect with Richard on Facebook Follow Richard on Twitter   © 2016 Law Firm of Richard L. Duquette

Have you considered an umbrella policy as a homeowner? I'm joined by an expert to help me explain what you get with this type of coverage. Looking to buy a home? Get a Full Home Search Looking to sell your home? Free Home Price Evaluation Umbrella policies are extremely important if you own a home or rental property. To help me explain why, I'm joined today by Zachary Schneiderman of Schneiderman Insurance Agency. An umbrella policy adds liability coverage on top of underlying policies. So if you have auto and homeowners insurance, they each have their standard liability limits. The umbrella policy requires a certain minimum amount of liability underlying it. It usually adds on in $1 million increments over your home and auto. It's about $300 a year for two cars and a home, which isn't that much money to spend for a lot of liability coverage. If you have an auto accident or an accident at home, that liability you carry isn't always enough when you think about the catastrophes that can happen. Any sort of accident in your home can bring liability against you as the homeowner. An example would be someone getting hurt on the diving board if you have a pool. That's why you want to be sure you have enough protection to hopefully settle the matter with the other party. “AN UMBRELLA POLICY ADDS LIABILITY COVERAGE ON TOP OF UNDERLYING POLICIES.” Another reason an umbrella policy is so important is for things like getting sued after an auto accident. If you don't have enough insurance and someone is severely injured in an accident, the medical costs and pain and suffering costs awarded by the court can be well above the $250,000 you have as your limit of your auto policy. An umbrella policy provides you that extra money for a very cheap price and gives you the ability to have an insurance company step in and defend you and settle the matter so that nobody comes after your assets. If you don't have enough money on your auto policy in this example, they're going to go somewhere else to find the rest or if. If you're a landlord and have rental property, the umbrella policy is really a no-brainer. Anything you own as a personal liability policy—home, auto, motorcycle, boat, jet skis, etc.—you can have under your umbrella policy. You can have a rental property under it as long as it's four units or fewer. It becomes a little bit more expensive for every unit you add on, but you add that liability with one policy over all of those other elements you own and give yourself a lot more protection. Remember, when you're in those positions, you likely have more assets. It's not a lot of money to add that liability. It's a simple solution to giving you peace of mind no matter what instance comes up. As Zachary says, they don't know what claims will be brought against you, they just know that there's always the potential. If you have any questions about these policies, you can reach Zachary at (818) 322-4744 or visit his website. As always, if you have any real estate questions, don't hesitate to give me a call or send me an email. I'm always happy to help!

In this episode Richard L. Duquette digs deeper into the question of cyclist insurance and discusses umbrella policies and types of coverage. If you're short on time, here are highlights of the episode:   Shopping for an Umbrella Policy with Underinsured and Uninsured motorists (1:10)    Definition of Uninsured driver (1:33)    Definition of Underinsured (1:47)    Auto Insurance protection for bicyclists (2:05)    Explanation of Umbrella policy (2:40)    Umbrella policy for Liability vs. Underinsured and Uninsured Motorist (3:10)    When to get an Umbrella? (3:48)    Umbrella Recommendation (4:31)    Cost of Umbrella policy (5:07)    Types of Coverage (5:55)    Recent Real World Example (6:20)    Exhausting Policy before Umbrella begins (6:38)    Full articles at 911LAW.com (7:04)        Resources   Richard's Website   Email Richard   Call Richard: 760-730-0500   Connect with Richard on Facebook   Follow Richard on Twitter   © 2016 Law Firm of Richard L. Duquette    

In the classroom today, Tim Norris explains how having an "umbrella" policy doesn't give you any additions areas of coverage, but instead a higher level of coverage for areas that are already covered. Tim Norris emphasizes how even with an umbrella policy, you might still need additional areas of coverage. Do you want to be a real estate investor but need step-by-step guidance to help get you started? The Investor Machine is a 90-day program with training, weekly tasks, bi-weekly group calls, and more! Schedule a free call to discuss your goals today!

In the classroom today, Tim Norris explains how having an "umbrella" policy doesn't give you any additions areas of coverage, but instead a higher level of coverage for areas that are already covered. Tim Norris emphasizes how even with an umbrella policy, you might still need additional areas of coverage. Do you want to be a real estate investor but need step-by-step guidance to help get you started? The Investor Machine is a 90-day program with training, weekly tasks, bi-weekly group calls, and more! Schedule a free call to discuss your goals today!

Guest:  David Peel, Atty     Hosts: Jim Shoemaker & Jeremy Jones

No one wants to get sued, but if you plan to build a real estate empire, the question is not so much “if” but “when.” However, we here at BiggerPockets have your back, so today we are bringing on Scott Smith, an incredibly smart and funny asset protection attorney from the great state of Texas! Scott shares with us a variety of tools and tactics you can use in your real estate business to protect yourself from losing the wealth you are working so hard to create.Be prepared to learn new tips you’ve probably never heard before regarding umbrella policies, building your real estate team, LLCs, trust funds and more. Don’t miss out on this information-packed episode!In This Episode We Cover:Forming an LLC right off the batThe ins and outs of Insurance vs. AssetsTen things you need to know to protect your assetsWhat exactly an Umbrella Policy is and why it might not do what you think it willWhy you shouldn’t put all your properties under one nameWhat you should know about the Delaware Statutory TrustScott’s advanced strategies for real estate investorsEverything you need to know about LLCs vs. Trust FundsWho you need as part of your team when investingAnd SO much more.Links from the Show:BiggerPockets WebinarBiggerPockets Wholesaling CalculatorTrivia Email10 Ways to Protect Your Assets — This document was prepared by Scott Smith to accompany this podcast presentation.BiggerPockets Podcast Show 105 with Neal FrankleBiggerPockets’ Investing in Real Estate with No Money DownBooks Mentioned in this ShowThe 4-Hour Workweek by Timothy FerrissRich Dad Poor Dad by Robert KiyosakiTweetable Topics:“Rich people don’t own things, rich people control things.” Share on Twitter“You don’t really have any friends once you start getting sued.” Share on TwitterConnect with ScottScott’s BiggerPockets ProfileScott’s Email Address

Today we are pumped to bring you one of the most exciting conversations yet on the BiggerPockets Podcast when we sit down with Serge Shukhat, a real estate investor from the Arizona area who is absolutely crushing it in real estate. Serge started with no rental properties just four years ago but has quickly built up a sizable portfolio with a mix of both single family and multifamily properties using creative finance methods and using the cash flow to quit his job.On this show we cover everything from getting started, choosing single family versus multifamily, tricks for dealing with tenants, increasing the value of your properties, and a ton more. This is definitely a show you’ll want to take some notes, so get ready to have your mind blown!In This Show, We Cover:How Serge got started while working full timeHow an Umbrella Policy can reduce your riskLandlord responsibilities vs. tenant responsibilitiesWhat kind of legal entity Serge usesOvercoming bad deals by “Doubling Down”How a competitive advantage can transform your businessWorking with real estate agents vs. getting your licenseSerge’s unique apartment that he’s bought and sold 4 timesHiring a resident manager to help reduce the loadHow to increase the value of your property by hundreds of thousands of dollars (OMG)And a lot more! Links from the ShowBP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren SagerNewbies Take Note: Why You Shouldn’t Buy Houses for $30,000 by Ben LeybovichHomePath.com/Buildium.comBooks Mentioned in the ShowLandlording on Auto-Pilot by Mike ButlerThe Real Book of Real Estate by Robert T. KiyosakiGood to Great by Jim CollinsThe 7 Habits of Highly Effective People by Stephen CoveyTweetable Topics“Real estate never works out how you thought it would when you bought it in paper.” (Tweet This!)“I don’t want to work till I’m 65, sick, or corporate downsized.” (Tweet This!)“My biggest risk was not losing my job- it was not buying enough real estate.” (Tweet This!)“You can go broke buying good deals.” (Tweet This!)“Population, income, and jobs drive real estate.” (Tweet This!)“It doesn’t matter if the first deal is bad… at least you learned.” (Tweet This!)Take what the market gives you and be quick to pivot. (Tweet This!)Connect with PaulSerge’s BiggerPockets Profile

Ron Siegel is joined by Liberato Martinez to discuss: Real Time Real Estate: Housing Inventory Making a Comeback Your Credit Matters: Documents that Should be Part of Everyone's Estate Plans Word on Wealth: Expenses you can Stop Paying Today Under pressure from some Democrats and feminists, Lawrence Summers withdraws name for Federal Reserve Commentary: Happy (?) Anniversary – President Obama borrows key component of speech from President Bush How much coverage should I carry on my auto and home? How do I pick my inssruance agent? How much Life Insurance should I have? I have Life Insurance at work, isn't that enough? How does an Umbrella Policy work? Featured Guest Liberato Martinez – Farmers Insurance Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family. Reach Ron at 800.306.1990 Ron@RonSiegelRadio.com www.RonSiegelRadio.com www.Facebook.com/RonSiegelRadio www.SiegelLendingTeam.com Twitter: @RonSiegel