July 5th, 2013 9:17 AM by Eric Fang
The interest rate is about 0.25% higher thanWednesday. And the interest rate is at 2011 levels.
I reviewed a few insurance coverages for my clients.Here are some observations:
1)Some owners do not know the umbrella policies, thoughthey have a few properties, and they need the protection.
2)Liability coverage is not expensive, but some still have low liability coverage on auto/home. I noticedonly 100k/300k for auto coverage a rich family. Theprotection is not enough.
3)Some owners' policy never reviewed by themselves or theagent. I found one policy with liability coverageon the primary is $1million. That's too much, with anotherumbrella on top of that. And the umbrella will not be triggeredat all if anything bad happen.
When the interest rate is high, I have lots of time now.And I will be more than happy to review the insurance foryou guys, and you don't have to change carriers if you can have the properties properly insured. Please email me the dec pages(home/auto) if you want to.