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937: Friday Q&A: Robo Advisors, Umbrella Liability Insurance, Career Planning

Radical Personal Finance

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How to Protect Your Wealth With Umbrella Insurance

As your assets grow, you become more of a target for somebody to want to sue you. This is largely but not entirely an American issue where in the United States, we have far more lawsuits. The first line of defense against the vast majority of liability that you might face is umbrella insurance. It can put in place a buffer of $2 million dollars and so it's very inexpensive in terms of actual premiums.

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