Welcome to Our Blog
Save money, protect what you have accumulated, and build more wealth.
The Blog is principally written
by Thomas J. Martin, publisher and president, author, lecturer, consultant, investment banker, college professor, and founder of our publishing company in 1977. For 33 years, Tom has helped hundreds of businesses and individuals on many of the topics covered on this website. The Case Studies are actual, real-life examples of how businesses and individuals solved problems, took advantage of opportunities, and met big challenges. For subjects covered, please see Solutions in the Menu Bar at the left side of this page. Enjoy and we look forward to reading your comments.
|Protect Assets and Net Worth with Umbrella Insurance|
For Existing and New Policies to Protect Against Personal Liability and Judgements
Ask your insurance agent about umbrella insurance. It’s inexpensive insurance (around $300 annually for $1 million of coverage) that covers personal claims, lawsuits, and judgments against you that exceed the dollar limits of your existing property and casualty coverage (e.g., home and auto insurance).
How it works: If you seriously injure a person (say, a car accident) and are sued for $1 million, umbrella insurance will cover the amount in excess of your auto insurance policy, which may specify a dollar limit of only $300,000. If you already have umbrella insurance, ask your agent to reevaluate your needs based on your current asset position to be sure the umbrella amount is sufficient to protect you.