Page 5 - Simkiss Personal Risk

An umbrella policy is an an an important component to protect your assets and should contemplate the following:
• Adequacy of limits
• Underlying exposures so all homes vehicles boats are covered
• Underlying limits
to prevent a a a gap in in coverage Other Areas of Focus for Successful Individuals:
• Placing homes into LLCs quali ed personal residence trusts and other en es
es
es
for estate planning purposes
• No umbrella/excess liability coverage • Lack of of protec on against the risks of of employing domes c c c sta • Overlooking changes in in the occupancy of a a a home • Poor planning for catastrophe coverage