Annual list of insurance Red Flags

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by darrenmcgraw

Each year we post a list of the most common factors that give rise to errors in personal insurance portfolios.  These are listed in no order of frequency.

  • Assets held in Trusts/LLCs
  • Strong net worth with no (or not enough) liability protection
  • Special-value asset collections (jewelry, art, wine, collectibles)
  • Domestic employees (nannies, gardeners)
  • Home remodeling projects
  • Home-based businesses or employment
  • Boats & motorized toys
  • Young drivers and dependent children away at college
  • Volunteer activities at non-profits
  • Multiple residences
  • Short-term rental homes (VRBO, Air bnb)
  • Classic cars
  • Company car custodians
  • Older homes
  • Low deductibles
  • Closely-held corporations or business owners contemplating the sale of their business
  • Vacations taken outside of the U.S. or Canada

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One thought on “Annual list of insurance Red Flags”

  1. […] insurance portfolio.  I reported those last year in two earlier posts (Fixing Things and Annual list of insurance Red Flags).  It’s frustrating because it’s been the same result year after year and the problem […]

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