The Palisades, Eaton, and Hughes fires have affected 59 square miles of land in Southern California. Combined, they have consumed more than 16,000 homes and buildings and an uncounted number of automobiles.
This natural disaster comes hot off the heels of two hurricanes that wreaked havoc in Florida and North Carolina, from which residents are still recovering. Those who have been through the home building or remodeling process should have more than a modicum of empathy.
It’s difficult enough to find a good home builder. Now imagine doing this reactively without adequate funds and under intense competition for scant capable contractors. Distressed land sales are inevitable.
A tragedy for the victims of these natural disasters who are already reeling from immense personal loss. Some will be indemnified by insurers, many will not. Insurance is one of those easy to neglect aspects of your financial life because it feels like a waste of money.
I hope you do waste your money on insurance because that is the best of possible outcomes. If you file a claim, that means Newton & Murphy’s Laws ganged up on you.
Most of us don’t even know where to start when it comes to assessing insurance needs, and we’re allergic to the greasy tactics the insurance industry uses to maximize profits at our expense. So what do we do?
That’s exactly what we brought our guest and insurance guru, Sean Cohen, into the studio to discuss.
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About your Hosts
Ben Jones
Managing Director, National Wealth Management Group
Sign up for Ben’s newsletter at www.karastick.com
Follow him on X @thekaratstick
https://www.linkedin.com/in/ben-nwmg/
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Brent Gargano, CFPⓇ
Founder & Advisor, Infinite Wealth Planning
www.infinitewealthplanning.com
linkedin.com/in/brent-gargano-cfp®-2067b573
Learn more about Brent and follow his newsletter --> https://infinitewealthplanning.net/about-us/#founder
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Guest:
Sean Cohen
Owner of S. Cohen Insurance Agency
(859)443-4466
(859)694-2284 for quotes
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Editor
Trevor Gargano
Financial Advisor Marketer
https://www.linkedin.com/in/trevor-gargano-72727b67/
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Follow our socials to support the podcast; see extra clips and announcements!
Instagram: https://www.instagram.com/moneyalchemistpod/
X: https://twitter.com/moneyalchpod
Facebook: https://www.facebook.com/profile.php?id=61556458987483
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Disclosure:
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
Advisors associated with National Wealth Management Group may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and investment advisor representatives of National Wealth Management Group; or (2) solely investment advisor representatives of National Wealth Management Group, and not affiliated with LPL Financial. Investment advice offered through National Wealth Management Group, a registered investment advisor and separate entity from LPL Financial.
The information presented is for educational and informational purposes only and is not intended as a recommendation or specific advice.
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