If you drive a car and/or rent or own a home, do you know how to purchase and save money on home and auto insurance while maintaining adequate coverage?

In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Andrew Wethall, an independent home and auto insurance agent for Energy Insurance Company. Andrew lives in Louisville, Kentucky, but works with customers all over the country. He makes clients' insurance experiences easier all while maintaining adequate coverage at a fair price.

Topics Discussed:

• Most Common Pitfalls: Re-evaluate insurance every 3 years after residency

• Cheapest Option: Understanding the bones policy with state minimum coverage

• Basic Auto Policy: Physical damage, comprehensive and collision, liability limits

• Agent/Client Relationship: Pay attention to policy and continue to grow

• Risks: Insurance works great for high cost and very unlikely risks

• Umbrella Policy: Additional liability insurance to cover your assets

• No-Fault States: Who's at fault for the accident or damage?

• Car Rentals: What should you do when they're pushing the insurance add on?

• Insurance Pricing: Depends on credit, driving record, claims history, act of God

• Structure: Differences between homeowner's and renter's insurance?

• Out-of-Control Catastrophes: Earthquakes and floods are not usually covered

• Attractive Nuisance: Umbrella policy for fun things—from pools to trampolines

• Denied! Seek multiple opinions and work with an agent to get claims paid

Links:

Energy Insurance Company

Andrew Wethall's Email

Andrew Wethall's Phone: 859-797-4384

Finance For Physicians

Financial Vitals: File Progress How to Save Money on home and Auto Insurance with Andrew Wethall

Financial Residency