Building a Financial Plan: The Preventable Risks

This presentation emphasized the critical role of regular P&C insurance policy reviews in uncovering gaps, inaccuracies, and missed opportunities for coverage enhancements. It revealed that a significant percentage of reviewed policies are missing eligible discounts (36%), underinsured (30%), or result in denied claims (92%). Common issues include incorrect property details, unclaimed discounts, and insufficient liability coverage. The presentation highlighted the importance of umbrella insurance for protecting against lawsuits and the need to document home-based businesses accurately. Real-life examples underscored the financial risks of inadequate coverage, reinforcing the value of thorough policy reviews in safeguarding both clients and advisors. The reason this is necessary is because IF a P&C claim is denied, it is the assets that you have grown with your clients that is used to recover from your clients' property loss!

Presentation Preview:

Want to learn more about this presentation? Click the video to the left to watch the first 3 minutes! Full presentation time: 1h 3m

How to Earn Your CE Credit?

This is a simple 3 step process 1. Watch the full presentation video 2. Complete all parts of the curriculum (listed below) 3. Click the Complete Course button at the end. Good news for you, is that there are no quizzes!

CE Credits provided by this presentation:

* FP Canada - 1 General credit * MFDA - 1 Professional Development credit (in bundles) * Advocis - 1 IAFE Approved credit * CSI - 1 Professional Development credit (in bundles) * FSRA - 1 FSRA Approved credit * ICS - 1 Life Insurance credit * ICM - 1 Life Insurance credit & acceptable to many other organizations.

Curriculum

1 Chapter · 5 Lessons

1
Building a Financial Plan: The Preventable Risks
1. (Included in full purchase)
  Introduction and Instructions
2. (Included in full purchase)
  The Rules Governing CE Credits
3. (Included in full purchase)
  Presentation Overview
4. (Included in full purchase)
  Presentation Video
5. (Included in full purchase)
  Presenter Resourses

About the Presenter: Larry Hoover

Larry lives in Newmarket, Ontario with his partner Cathy. He’s the proud father of two beautiful, independent daughters. After over 20 years as a successful corporate sales professional, he transitioned his career in 2013 to a P&C Insurance Broker. Now with BrokerLink, he’s a fierce advocate for property owners. He helps protect their largest assets, as well as avoiding a potential financial disaster. Larry does this by offering a unique service called a Policy Audit that uncovers gaps that might lead to hearing “claim denied”. His Partners across Ontario share this with their clients.