Five Ways Homeowners May Be Putting Their Wealth at Risk
Your home is likely one of your biggest assets, but are you doing enough to protect it? Many homeowners fall into common traps that leave them vulnerable to financial risk. Start by ensuring you have enough liability insurance—your umbrella policy should cover at least your net worth. Next, align insurance policies across multiple homes to ensure cohesive protection. High-value items like art or collectibles need their own specialized policies. For those with trusts or LLCs, make sure they’re included in your insurance coverage to avoid gaps. Regular reviews of your coverage can help you mitigate risks and keep your financial foundation strong.
Click here to read more:
chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/file:///U:/CEG-Worldwide/Flash%20Report/Flash%20reports%20with%20DAMI%20design/DAMI-%20Five%20Ways%20Homeowners%20May%20Be%20Putting%20Their%20Wealth%20at%20Risk.pdf
For personalized guidance tailored to your unique situation, contact Diversified Asset Management, Inc. at info2@diversifiedassetmanagement.com or (303) 440-2906. Our experts can help you navigate the complexities of business succession and ensure a successful transition.
Robert J. Pyle, CFP®, CFA, AEP® founded Diversified Asset Management, Inc., in 1996 to provide personalized, comprehensive wealth management services to successful individuals, families, single women, and business owners. His specialty is addressing the complex financial needs of self-employed professionals, corporate executives, and small-business owners. Our disclosure can be found here. The views, opinion, information, and content provided here are solely those of the respective authors, and may not represent the views or opinions of Diversified Asset Management, Inc. Diversified Asset Management, Inc. cannot guarantee the accuracy or currency of any such third party information or content, and does not undertake to verify or update such information or content. Any such information or other content should not be construed as investment, legal, accounting, or tax advice.