Understanding Property and Casualty Insurance with Ted Wolfer

Smart Money Questions

You’ve likely carried an auto and homeowners policy for many years and don’t think too much about it, but your property and casualty insurance is your protection from major financial disaster. We talk with an insurance specialist to get a better understanding of these policies and what we should be paying attention to.

Show Notes and Additional Resources: http://smartmoneyquestions.com/podcastposts/episode-113-understanding-property-and-casualty-insurance-with-ted-wolfer/

Today's Rundown:

0:21 – Today we’re talking property and casualty insurance with Ted Wolfer

1:31 – Start by helping us understand what this insurance is?

2:09 – Understanding auto insurance and the requirements vs the add-ons.

5:34 – Are there minimums that are required for vehicles you lease or have a loan on?

6:30 – Understanding the liability minimums you might have seen on your policy.

8:55 – Here are the recommendations Ted and his office makes.

10:40 – The difference in premiums is usually very small.

11:29 – Something that confuses Matt on his policy.

15:31 – Understanding what’s covered and what’s not on homeowner’s insurance.

14:13 – Again, premium increases to cover a much higher amount is around 5%

20:22 – Explaining code enforcement and why it’s important for insurance policies.

23:34 – What does an umbrella policy cover?

29:28 – Property and casualty insurance policies need to be evaluated on an on-going basis.

30:01 – How to get in touch with Ted to get more information or discuss policies.