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