When asked this common question: “how much liability insurance do I really need?” I respond with another question: “how much might you be sued for?” Everyone knows that protecting the asset base from the threat of lawsuits, however unlikely, is simply prudent risk management. Deciding how much protection is needed is a little trickier. I have [...]
Archive for March, 2008
Personal Lawsuits: how much?
Posted in Liability Risks and Solutions on March 14, 2008 | Leave a Comment »
No Good Deed….
Posted in Liability Risks and Solutions on March 7, 2008 | Leave a Comment »
I was recently asked by Private Asset Manager, published by Institutional Investor, to review the risks that can threaten the personal assets of those who volunteer their time serving non-profit organizations in a directorship capacity. Taking the time to understand the risks of voluntarism is important and often overlooked. Developing strategies to manage and transfer those [...]
Toasting Marshmallows
Posted in Property Risks and Solutions on March 6, 2008 | Leave a Comment »
It is alarming, but true: depending upon where your home is located, your local fire department may not have much of a chance of extinguishing a fire in your home.
Having worked for many years as a residential appraiser with Chubb, my colleague, Melissa Apostle, provided The Robb Report with several great suggestions on how vacation [...]
“After wine, out comes the truth”
Posted in Protecting Valuable Articles on March 6, 2008 | Leave a Comment »
Or so it was written in a fortune cookie.
For those with significant liquid assets stored in a wine cellar, careful consideration should be given to the risks that can threaten a valued collection.
In addition to arranging insurance solutions to protect against such risks, we can also assist those with significant wine collections by providing [...]
How Much Would it Cost to Rebuild?
Posted in Caveat Emptor, Property Risks and Solutions on March 6, 2008 | Leave a Comment »
It is alarming how many people confuse the purchase price or appraised value of a residence with the cost to rebuild it.
The common thinking: My house is worth X, the land is probably worth 30 – 40% of that, so I will insure it for 70% of X, since the property won’t burn. Realtors, mortgage lenders, and tax assessors confuse [...]
Getting the right answers, but to the wrong questions
Posted in Caveat Emptor on March 6, 2008 | Leave a Comment »
Among the common problems I hear from others about their insurance program: “no one ever explained that to me”. The response offered by too many insurance agents: “you never asked”. Clearly, what you don’t know can hurt you…
Trusted advisors and consumers need to either work with a risk advisor who can help them by providing [...]
Categories
Archives
-
Blog Stats
- 1,381 hits
Blogged
