The Insurance Gap: Why the Wealthy are Underinsured
The Insurance Gap: Why the Wealthy are Underinsured discusses the amount of property and casualty insurance, as well as excess liability coverage, held by wealthy households. Focused on the investments, attitudes and behaviors of wealthy households, Spectrem recently reviewed
the amount of excess liability coverage held by wealthy investors and found that wealthy investors often have a significant gap in excess liability coverage. It highlights for financial advisors of all types the need to ensure that wealthy households truly understand the risks to their overall financial health for failure to properly insure.
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