Welcome to Season Two of the Legacy Lab!
In this episode of The Legacy Lab, Megan Davis and Ashley Simpson answer the most common Property & Casualty insurance questions business owners and individuals ask. They walk through how often you should review coverage, common mistakes that can lead to gaps or overpaying, and how to think about limits as your business or life changes.
The conversation also covers key personal insurance topics — from homeowners and auto policies to flood, hurricane, umbrella coverage, and smart ways to save. Whether you’re preparing for a renewal or want to improve your overall protection strategy, this episode breaks down complex insurance ideas into useful insights you can act on.
Key Takeaways
-
Insurance should be reviewed regularly and updated as your business or personal situation changes to avoid gaps or overpaying.
-
Understanding policy details like coverage limits, replacement cost vs. actual cash value, and business interruption coverage is critical before a claim happens.
-
The right insurance strategy goes beyond price, helping protect both personal and business assets with coverage tailored to real risks.
Other Resources
- Meeting Link for Thomas Bacharach (business insurance)
- Meeting Link for Ashley Simpson (personal insurance)
-
Navigating the Gusts >> Read Here
-
Actual Cash Value vs. Replacement Cost: What’s the Difference? >> Read here
- Follow us on social networks at @rmcgp on LinkedIn, Facebook and Instagram
-1.png)