Welcome to the DF Insurance Intelligence Blog. Our aim with the articles in this section of the Deerfield Advisor Knowledge Base blog is to provide relevant and helpful information for Individuals seeking to minimize their exposure to risk and maximize their chances of achieving or maintaining Financial Independence. It’s a risky world out there so it helps to be well informed about all the things that can cause loss and get in the way of achieving your financial goals. We hope you find it helpful. As always, don’t hesitate to contact us if you have questions or comments.
The Deerfield Team
Critical Illness Insurance II
In terms of U.S. individuals that file for bankruptcy each year, 60% involve medical illness issues, and over 75% were insured by traditional health insurance when the illness began. Traditional health insurance is important but financial gaps still exist because of the co-insurance & deductible constraints embedded in these policies. Securing coverage through critical illness insurance is one way to fill those gaps.
Critical Illness Insurance: What It Is and Whether Employees Need It
Simply having health insurance does not guarantee that an emergency health situation won’t cripple your or an employee’s finances. Critical illness costs an average of $35,500, largely in lost wages. Of the over 60% of U.S. bankruptcies involving medical problems, over 75% of people were insured when the illness started.
Umbrella Liability Coverage
Have you ever heard the phrase “you don’t have to be a millionaire to be sued like one?” Well, it’s true. It happens every day in the court systems all across Texas. There are many nightmare scenarios that demonstrate the need for liability insurance protection; so many, in fact, that the most careful, most conservative person I know…yours truly, has an umbrella policy, and I highly recommend it for our clients as well.
Law & Ordinance
One of the most important or potentially important types of property or homeowner’s insurance coverage available in some policies & also one of the most commonly overlooked is a coverage called Law & Ordinance.
Holiday Gathering & Liability
Party hosts need to understand their responsibilities when inviting others into their homes and serving food and drinks. “All hosts should be aware that if someone drives drunk or becomes sick after consuming food at a holiday party, the host could actually be liable.”
Before & After a Windstorm
The season for wind storms is fast approaching. Although last season was relatively quiescent, it’s advisable to be ready this year. Most of us think: “It won’t happen to me,” but if it does, it helps to be prepared. Below are a few before & after tips that will get you through just in case.