Listen "The Impact Report - Episode 5 (Five Mistakes Affluent Homeowners Make)"
Episode Synopsis
Affluent families and individuals often have so many things on their plate, that it's easy to overlook issues with one of their largest assets: their homes. And since our homes are important to our financial security, as well as our personal sense of stability with everything going on in the world right now, we need to make sure we're taking the proper precautions to mitigate any levels of risk.In the latest installment of The Impact Report, Eric and Ryan identify the five biggest mistakes affluent homeowners are making today. From failing to have enough liability insurance, to failing to adequately address a home's unique features or construction, this episode is bound to leave you with some key takeaways to consider with your own home!Timecodes:0:06 - Introduction and overview on the topic of the day1:45 - Why it makes sense for homeowners to do a financial check up on their homes2:30 - The five most prevalent mistakes homeowners are making today3:25 - Failing to have enough liability insurance coverage4:50 - How to tell if you have a lack of adequate coverage5:27 - Owning multiple properties and the issues on this front6:38 - Failing to list trusts or LLC's on a homeowners insurance policy7:52 - Listing a home's unique architecture or materials 8:54 - Listing your high-value collections and artifacts10:15 - What your wealth manager can do to help a given homeowner11:30 - How you can get in touch with Eric's team to discuss this topic further12:40 - Closing remarksConnect with Eric Lawton:WebsiteFacebookLinkedIn
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