Archive for the ‘Caveat Emptor’ Category
Purchasing an insurance policy enables us to shift the financial risk of paying for certain losses to an insurance carrier in exchange for the premiums we remit. The terms and conditions of the transaction are detailed in a legal contract, or the insurance policy we receive. Knowing how hard it is for consumers to compare […]
PERSONAL CYBER PROTECTION: A NEW “MUST HAVE” SOLUTION FROM YOUR INSURANCE CARRIER
According to Javelin’s 2020 Identify Fraud Study, Americans lost $16.9 billion due to identity fraud. Concerned? Consumer research conducted by Chubb reveals that while the majority of Americans are concerned about being impacted by a cyber breach, only a small percentage are actually taking the right steps to protect themselves and their families. What are the right […]
Parents: Your children ARE at risk on-line!
If you think I’m being an alarmist, I get it. Meanwhile, I just finished one of the most alarming articles I’ve ever read. In my lifetime. The title: “I’m a 37-Year-Old Mom & I Spent Seven Days Online as an 11-Year-Old Girl. Here’s What I Learned.” ONLY read this article if you require VERY graphic […]
When you absolutely, positively MUST get home
One of the world’s oldest tour companies, Thomas Cook, abruptly announced it was going out of business yesterday. While not quite “fake news”, the advice provided by a travel expert on NBC Evening News during their report on this story can best be characterized as “glib news”. In this NBC report, consumers are advised to […]
Can’t we just…
Probably because I was in New York City on Sept 12, 2001 and not the day before , my most vivid memories of the terror attacks of 9/11/2001 are actually the result of my experiences the following day. This is not just my convenient memory; my recollections are indelible and many. On September 12, EVERYONE was […]
Practicing Safe Cyber
Many financially successful individuals and families I meet with become uncomfortable whenever I address this topic. Such discomfort likely stems from the recognition that time and convenience has caused lapses in adhering to the best practices they have agreed will enhance their security. Though I don’t want to be a fear monger, I remind the […]
Water, water, everywhere
Although these three words are borrowed from “The Rime of the Ancient Mariner” , they capture the heartbroken sentiments many homeowners experience after a failure in their internal plumbing system has caused water to flow throughout their home. Sometimes for many hours or days. Just how common are losses like this? Research from the […]
2018 Weather Forecast: Past as Prologue?
If Mother Nature was trying to send us a message in 2017, it reminds me of the adage “When Momma ain’t happy, ain’t nobody happy”. Mountains ravaged by wildfires weaponized into a tsunami of mud, boulders, and fallen trees offers this clear message: we’d be wise to heed the lessons of the past and prepare […]
Understanding Your Insurance Protection: Whose Job Is It?
Not knowing the right questions to ask about your insurance protection is among the key reasons far too many consumers hear the dreaded words “you’re not covered” at the worse possible time — after a personal property or liability insurance loss. Not knowing what we don’t know is a dangerous and common cognitive bias that […]
Federal Flood Insurance Program: Broke and Broken
It is likely old news to most insurance consumers that the National Flood Insurance Program (NFIP) administered by FEMA is plagued with challenges. Challenges as in problems. Many. Big. Problems. This excellent New York Times article provides a sobering analysis of those problems. THE BIGGEST PROBLEM: As illustrated by the excellent chart below, although […]