The (Huge) Risks Hidden In Your Insurance Policies

EPISODE RESOURCESPrizm InsuranceProperty & Casualty Insurance for High Earners: Umbrella Coverage, Home/Auto Gaps (with Dave Olchowka)In this episode, we host Dave Olchowka of Prizm Insurance to discuss why property and casualty insurance is often overlooked yet critical for high-income and affluent households. Dave shares his 20+ years in personal lines, his move from State Farm to the affluent/high net worth market, and why he built Prizm as a tech-enabled brokerage partnering with wealth advisors to streamline reviews while providing human advice. Dave contrasts captive agents vs brokers, then covers common coverage gaps: insufficient umbrella limits, inadequate home dwelling replacement-cost calculations, limited sewer/drain backup coverage, and weaknesses in standard auto policies (parts, valuation, and liability). Join us as we cover this crucial element of financial planning!00:00 Why P&C Matters00:49 Meet Dave and Prizm04:27 Prism vs Captive Agents07:30 Coverage Gaps for Affluent11:51 Break and Gap Finder13:01 Umbrella Insurance Basics14:56 How Much Umbrella17:44 Rental Property Coverage19:20 Auto Coverage Details22:12 Rental Cars and Turo24:44 Home Renovations and Rebuild27:53 Tough Markets Roof Rules30:25 Why Pros Beat DIY33:04 How to Contact Prism33:58 Final Thanks and WrapSupport the show