Many people do not like to discuss insurance issues. It is difficult to understand the lingo in the insurance field. Insurance is viewed as a necessary evil in today’s society, but many people do not understand the critical points about why insurance coverage is so important. It is not until an accident occurs that the insurance topic comes to the forefront for discussion. As private citizens we protect ourselves, our homes, and cars with insurance. What many people forget to do is to review their insurance policies on a regular basis (at least once a year, hopefully with a broker) to make sure they are carrying enough coverage, and more importantly the proper coverages. A great insurance broker is worth their weight in gold. A great insurance broker is one who will explain ALL coverage options that you can have under the policy, and which ones make sense for your particular situation. In my law practice, the biggest problem we see is when a person buys an auto insurance policy when they began to drive and essentially keep the same level of coverage for the next twenty years. But during those twenty years, assets were acquired, savings went up, as did annual salaries. Why is this significant? As you gain more assets, earnings, dependents, and wealth, you need more insurance coverage. That means increasing your coverage is a necessity, or adding umbrella policies (additional coverage above your standard auto and home insurance) both personal and business. Don't leave yourself exposed! Don't learn this lesson after the fact.