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440: What You Need to Know About Liability Insurance

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Oh man…we are getting really sexy with topics on this show! On this week’s episode of Wealth Formula Podcast, we are going to talk about liability insurance: malpractice insurance, property insurance—all that kind of stuff.

I know this doesn’t sound exciting, but do you know the five different parts of an insurance policy and what part is generally the one that will screw you over? I didn’t think so.

Here’s my suggestion. Grab your property insurance policy and follow along with the show. I haven’t read mine and you probably haven’t read yours either. But this is stuff you need to know a little bit about because if you have to change something or get a new policy, now’s the time to do it.

Liability insurance is your first line of asset protection so make sure you have a grasp on it. This show will give you a nice place to start and it’s actually pretty interesting.

04:06 Insurance 101

05:22 The 5 Main Parts of Insurance

10:29 How to Look for the Right Insurance Policy

13:19 How to Deal with Claim Adjuster

17:35 What Should You Be Asking When Buying Insurance

20:27 Why Property Insurance is Skyrocketing