| Clyde and Claudette's financial future is now | | | | It didn't have to be that way. The financial |
| ruined! Make sure it doesn't happen to you. | | | | devastation that occurred could have been |
| These tips will help you protect yourself | | | | easily prevented if they had increased their |
| from the time-bomb that devastated them. | | | | coverage amount. It would have only cost them |
| | | | pennies each day. Instead, it cost them much |
| I talked with Clyde and his wife, Claudette, | | | | more. |
| recently. In fact, Clyde brought his son to | | | | |
| one of my popular financial seminars so he | | | | I wish I had met them sooner. I might have |
| could learn to avoid the mistakes his father | | | | been able to help prevent their financial |
| had made. | | | | devastation. It's too late for them, but it's |
| | | | not for you. Sit down with a qualified |
| Everything had been going great for Clyde and | | | | property and casualty agent and review your |
| Claudette--he had a secure job with excellent | | | | automobile and homeowners insurance policies |
| benefits. Their home was almost paid for. | | | | to make sure that the coverage is adequate. |
| Their kids were doing well in school. Life | | | | |
| and their future looked bright. | | | | If you are like most people, it has probably |
| | | | been several years since you've done so. Your |
| Then one day, Claudette was driving home from | | | | situation or damage awards in your state |
| the store just like she always did. A drunk | | | | could have changed since then. Perhaps you |
| driver speeding in her direction hit a car on | | | | don't need as much insurance as you did in |
| his side of the road, careened off of it, | | | | the past, perhaps you need more. Isn't it |
| jumped across the median and plowed into | | | | worth a phone call to your agent to find out? |
| Claudette's car. | | | | |
| | | | It was for me. I recently was able to switch |
| In just seconds Clyde's and Claudette's lives | | | | insurance companies, increase my coverage |
| were forever changed. Luckily she wasn't | | | | limits and keep my premiums the same. The |
| killed. But she is permanently handicapped. | | | | point is, it only takes a little time to make |
| As often happens, the police never caught the | | | | sure you and your family is properly covered, |
| drunk driver. Their medical bills quickly | | | | and it doesn't have to cost an arm and a leg |
| mounted and they soon discovered their | | | | to do so. |
| financial weakest link--they only had $50,000 | | | | |
| of uninsured motorist coverage in their auto | | | | You should also consider an umbrella |
| policy. | | | | liability policy. It provides blanket |
| | | | liability protection in addition to that |
| How much uninsured motorist coverage do you | | | | offered by your automobile and homeowners |
| have? How much medical and liability coverage | | | | policies. I especially recommend them to my |
| is in your automobile policy? If you're like | | | | Private Wealth Management clients that are |
| most people, you probably don't even know. | | | | doctors because they are prone to lawsuits. I |
| And it could be a ticking time-bomb waiting | | | | recommend them if you have a swimming pool or |
| to devastate your financial future. | | | | trampoline or if you own a potentially |
| | | | hazardous recreational vehicle such as a |
| Clyde and Claudette were lucky to be able to | | | | boat, jet-ski, or ATV. |
| pay most of their immediate medical bills, | | | | |
| but only after they had to go to court, sue | | | | Take these simple steps to make sure you |
| their insurance company, and pay out a big | | | | don't make the same mistake Clyde and |
| chunk of their $50,000 in lawyers' fees. | | | | Claudette did: 1) Make an appointment to have |
| | | | your property and casualty insurance policies |
| But what about their future? Claudette will | | | | reviewed. 2) Consider an umbrella liability |
| never be able to work again and the cost of | | | | policy if you don't currently have one. 3) |
| caring for her increased medical needs will | | | | Consider increasing your deductibles to lower |
| continue for the rest of her life. Their | | | | your premiums. 4) Call around and compare |
| financial future is ruined. | | | | rates from different carriers. |
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