Chapter 17
Covering Your Assets
In This Chapter
Checking out homeowner’s/renter’s insurance
Considering automobile insurance
Understanding umbrella insurance
Ensuring your estate is handled as you want
In Chapter 16, I discuss the importance of protecting your future income from disability, death, or large, unexpected medical expenses. But you also have to insure major assets that you’ve acquired in the past: your home, your car, and your personal property. You need to protect these assets for two reasons:
Your assets are valuable. If you were to suffer a loss, replacing the assets with money out of your own pocket could be a financial catastrophe.
A lawsuit can drain your finances. Should someone be injured or killed in your home or because of your car, a lawsuit could be financially devastating.
In this chapter, I explain why, how, and for how much to insure your home, personal property, ...
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