Ep 269: The Necessary Evil
About this episode
David Chudyk discusses the dual issues of overpaying for insurance while being underinsured and provides a four-step annual insurance audit.
About This Episode Here's something that almost never gets talked about in personal finance: most people are both overpaying for insurance and dangerously underinsured — at the same time. In this episode, David Chudyk, CFP® breaks down exactly how that happens, which gaps most commonly cost people everything, and the four-step annual insurance audit every wealth-builder should be doing. What You'll Learn Why insurance gets ignored — and why the industry is designed to let it happen The four most common places people overpay (including one hiding in plain sight for business owners) The single most underutilized piece of asset protection available — and why it costs less than most people think The three insurance gaps that can end a business, not just hurt it A four-step annual insurance audit you can actually do Why your financial advisor and your insurance agent are probably never talking to each other — and what that gap costs you Episode Timestamps 0:00 — Cold Open: The two insurance problems most people have simultaneously 2:00 — Why insurance gets ignored: the set-it-and-forget-it trap 6:00 — Where people overpay: collision on old vehicles, duplicate coverage, whole life…
People in this episode
Host: David Chudyk
Topics covered
- insurance
- personal finance
- wealth-building
- asset protection
- insurance audit
Keywords
- insurance gaps
- overpaying for insurance
- underinsured
- wealth-builder
- financial advisor
More episodes of The Weekly Wealth Podcast
- Ep 272: You Don't Need to Become a Financial Expert (Do This Instead)
- Ep 271: Are TRUMP accounts a gimmick?
- Ep 270: 4 Financial Freedoms on America's 250th Birthday
- Ep 268: The Space X hype
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