This year marks the 70th anniversary of the unnamed hurricane that devastated Eastern Long Island and much of New England. While the NY Metropolitan area has been impacted by hurricanes since, it has also been awhile. Given this reprieve, there is a real complacency among homeowners to become better prepared. Ask yourself: if a hurricane [...]
Archive for May, 2008
An Ounce of Prevention…..
Posted in Property Risks and Solutions on May 23, 2008 | Leave a Comment »
Delay Deny Defend
Posted in Caveat Emptor on May 19, 2008 | Leave a Comment »
McKinsey & Co., the giant consulting firm, has helped several major insurance carriers to increase their profits by devising alarming claims strategies that all consumers should be aware of. Check this link to access video of a CNN investigative report that is essential viewing for all insurance consumers.
When Transferring Real Property to a Trust or LLC
Posted in Caveat Emptor, Liability Risks and Solutions, Property Risks and Solutions on May 13, 2008 | Leave a Comment »
As high net worth individuals embrace the tax and asset protection benefits of placing private property ownership in the name of a trust or LLC, critical insurance coverage issues arise. Few trusted advisors or property owners are aware that the “named insured” insurance contract provisions prohibit the extension of coverage to protect the interests of [...]
Examining the Causes of Residential Loss
Posted in Caveat Emptor, Property Risks and Solutions on May 8, 2008 | 1 Comment »
To Hedge, or not to Hedge….
An interesting question was recently presented on Terri Cullen’s great WSJ blog for her Fiscally Fit column by someone who labeled themselves a “contrarian”. In essence, the post asked: “since the likelihood of losing a home to fire is remote, why bother insuring the home for the full cost to rebuild?”
I don’t think this question is [...]
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