Insurance can feel like a maze of jargon, rising costs, and confusing policies, but it’s also one of the most important tools for protecting wealth.
How do you know if your coverage is enough? When should you shop around, raise deductibles, or consider umbrella protection?
In this episode, Peter Raskin talks with longtime friend Robert Mansfield, CPCU, Senior Vice President at HUB International New England, about the essentials of property and liability insurance. Together, they unpack the reasons behind soaring premiums, the critical role of umbrella coverage, strategies for handling claims, and the growing need to protect against scams and fraud.
Key takeaways:
- The difference between insurance agents and brokers, and why working with a broker puts the client first
- Why premiums for homeowners and auto insurance are rising and the impact of reinsurance and natural disasters
- The importance of umbrella coverage for protecting assets beyond basic policies
- Practical strategies for managing deductibles, filing claims, and reviewing coverage regularly
- How scams and fraud are evolving, and why prevention and awareness are essential for families and businesses
- And more!
Related: Taxes Aren’t the Strategy: Why Your Financial Goals Should Come First