If you have assets that amount to more than what your car insurance and home insurance coverage provides, then you should probably get an umbrella policy for protection. The amount of umbrella policy coverage you should have is an individual choice. If you want to be safe, get an umbrella policy equal to your estimated net worth.
I’ve personally taken a “riskier” approach by getting an umbrella policy less than my net worth. I figure, I’m not doing anything particularly offensive or risky in day-to-day life, nor is my business putting anybody in physical danger. If I was running a roller coaster amusement park on the other hand, you bet your buns of steel I’m getting maximum coverage!
The point of this article is remind people to protect their assets, have a talk with your insurance company since you’re paying for coverage, and make sure the insurance coverage is aligned to expectations. Spending a lifetime of work only to see it get wiped away by some random act would be unfortunate.
I spoke to my father yesterday and curiously asked him about his thoughts on assisted living facilities. “Absolutely depressing!“, he said. I couldn’t agree more that assisted living programs are depressing given it reminds us everyday about our mortality.
Every winter, I make the 180 mile trek from San Francisco to Squaw Valley, Lake Tahoe to enjoy the epic snow. There is truly nothing more magical than spending hours riding on powder and having a beer or two in the outdoor hot tub when you’re finished! Oh, the stories I could tell you about what happens in the hot tub.
I was driving downtown to drop my wife off at the museum when a car started drifting dangerously into my lane. I beeped the horn to alert the driver and when I drove by, the teenage kid in the back seat flicked me off! I didn’t have a long annoying horn, nor a machine gun type rat-ta-tat-tat beep. All I did was beep once so we wouldn’t collide. The father was reading a map and driving at the same time.
The first thing I did when I got home after 
Every year I review my home insurance policy to make sure I’ve got the proper coverage. The reason why it’s important to check is because insurance policies change all the time. There might be discounts or special offerings for one. Meanwhile, your insurance company might 
Before my COBRA (healthcare for departed employees) ran out, I decided to get a physical exam. It’s been three years and it was about time. Many insurance companies offer one free physical every year. Give your insurance company a call to find out if yours is one of them. That’s a $200-$500 “savings” every year if you take advantage of the perk. Depending on your insurance coverage, you will either typically pay a co-pay ($25 in my case), or a co-insurance (generally 20% of the overall bill).
