EPISODE RESOURCES

Prizm Insurance

Property & 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 Matters
00:49 Meet Dave and Prizm
04:27 Prism vs Captive Agents
07:30 Coverage Gaps for Affluent
11:51 Break and Gap Finder
13:01 Umbrella Insurance Basics
14:56 How Much Umbrella
17:44 Rental Property Coverage
19:20 Auto Coverage Details
22:12 Rental Cars and Turo
24:44 Home Renovations and Rebuild
27:53 Tough Markets Roof Rules
30:25 Why Pros Beat DIY
33:04 How to Contact Prism
33:58 Final Thanks and Wrap

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