Home, Auto, and Umbrella Insurance Review - What to know about your property and casualty policy

In this webinar, we look at the breakdown of your home, auto, and umbrella insurance policies.
Why are we, as financial advisors and not insurance brokers, reviewing your property and casualty insurance policies?
First of all, and most important, is that insurance plays an important roll in your financial plan.
And because everyone has different finances, these insurance policies really need to be customized around you.
Think about when you call in or go visit your insurance broker, they probably don’t ask about the value of your brokerage account, the value of your IRA, maybe that comes up with umbrella insurance, but they certainly don’t ask how much room you have in your retirement withdrawal plan to cover a house fire, what kind of loss you can sustain before you hit your retirement guardrails.
So, we have quite a different view of your finances that your broker does, that gives us a better viewpoint of what is really the best policy for you.
Besides that, we think we are set up to be best able to act in your best interest. Of course there are good and bad apples in every industry out there, but anytime an industry is entirely reliant on commissions, like the insurance industry, there are incentives to recommend products that are in their interest and not necessarily yours.
As flat fee, fiduciary, fee-only advisors we don’t get paid any more or less based on anything we recommend you purchase or forgo. No insurance broker you talk to will have that structure to reduce conflict of interest.