2855: Umbrella Insurance Policy by Jeff Rose of Good Financial Cents on Personal Financial Planning
Description
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Episode 2855:
Jeff Rose's article on GoodFinancialCents.com reveals how an umbrella insurance policy, often misconceived as a luxury for the wealthy, offers essential financial protection by covering gaps left by standard policies. He explains its affordable premiums and extensive coverage, urging readers to consider this policy to safeguard their assets against unforeseen liabilities.
Read along with the original article(s) here: https://www.goodfinancialcents.com/personal-umbrella-insurance-policies-protection/
Quotes to ponder:
"Umbrella insurance policies cover the gaps left by your existing insurance coverage."
"The modest annual premium for a substantial coverage amount is a small price for peace of mind and financial security."
"In navigating the unpredictable avenues of life, especially in a litigious society, having a cushion against unforeseen liabilities is wise."
Episode references:
Investopedia on Umbrella Insurance: https://www.investopedia.com/terms/u/umbrella-insurance-policy.asp
Insurance Information Institute: https://www.iii.org
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