A GOOD PROBLEM TO HAVE The High Net Worth Insurance Balancing Act When we see names in the headlines, we don’t always think about the full scope of being, well, famous. At the same time, there are plenty of wealthy people and people of influence you never hear about. But that doesn’t mean that nobody knows who they are. High net worth insurance is designed for both groups in a balancing act that most Americans don’t realize is going on. The risk with wealthy individuals is, funny enough, over- insurance of “minor” assets, but under-insurance of the actual value. For example, we’re sure Brad Pitt has great insurance on his houses, but what would happen if he didn’t and one burned to the ground? Would it have a massive impact on his long- term life? Probably not. But what if he was kidnapped? Where does the ransom money come from — and could that have a long-term effect? Again, perhaps not, but it’s a higher risk. It’s a similar concern for wealthy people who are not famous; in fact, they may be at higher risk for kidnapping and assault because they are not used to being recognized or targeted.
BECOME A SAVVY RV USER
And Save Money on Your Summer Road Trip
This past fall, RV manufacturers reported a 31% increase in sales compared to 2019. This was no doubt related to an effort to stave off the spread of COVID-19, which had more families opting to take road trips and camp instead of going on tropical and European vacations. While the great outdoors can be the perfect affordable backdrop for family vacations, it doesn’t come without a cost. You can hit the road without your bank account taking a hit with these three must-do tips! Stay for Free If you’re on a cross-country adventure, you will need a place to park and rest each night before continuing your adventure the next day. Rather than shelling out money every night, consider free options. Search for public land that’s part of the Bureau of Land Management or in a Wildlife Management Area that allows overnight camping. Walmart allows RV parking at no cost, but some locations pose safety concerns. To mitigate this, well-meaning RVers have listed Walmart locations with red flags. You can check them out at AllStays.com. Save on Fuel Fuel could be your biggest expense, but you can cut down on the inevitable by driving slower than 60 mph when it’s safe to do so. Once you hit 60 mph or above in your RV, your gas mileage will drop. Furthermore, you can keep your gas bill in check by sticking to trips within your state, planning your route to avoid unnecessary detours, and leaving early to miss the traffic. Each little action could make a big impact on your fuel bill. Re-Use Items inYour Home You may have a long to-buy list for your RV, but not everything on there may be necessary. Before splurging on the latest gear, consider what you have in your home. Use old kitchen utensils and plates, cleaning supplies, bedding, and entertainment items like books and toys in your RV to save money and clear some clutter from your home. It’s a win-win! Looking for more RV tips? Check out
Vermost Insurance now has a relationship with Chuck Chucri who offers Financial
Planning & Investment
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GanderOutdoors.com or download apps like AllStay, RVParky, and State Lines. Happy trails!
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