Hard-earned assets should be protected from risks of damage and matters of potential liability. A well-thought-out insurance program can help protect your home, autos, and other valuable assets from the risks of theft, fire, and other natural disasters.
In today’s litigious society, using insurance to protect against liability risks such as injuries and accidents is an extremely important and necessary risk management tactic. Though accidents are rare and never expected, those that occur can be very costly to navigate and defend.
Understanding how your insurance policies work, what is covered, and for how much is a good first step. Navigating the insurance marketplace can be challenging as it can be difficult to distinguish the best policy among the many various options.
Working with an advisor to help assess your insurance program and determine the best approach is a key component of a financial plan.