COVID-19 Update: Please note that we are all working remotely and our hours remain unchanged at 8.30a- 5p CT. As always, taking care of our clients remains our top priority. Our phone number is 312-645-1200 and email remains the fastest way to reach us although all calls will be returned by the end of day should you leave a message because no one is available to answer. For more information and resources, see our Latest Insights.

Call Us 312.645.1200

How People Miscalculate Insurance Needs

February 5, 2019

 We found this in the Wall Street Journal archives and the subject matter is as timely as ever and we like Professor Olivia Mitchell’s haircut analogy to illustrate why your insurance deductibles should be high.  You don’t need insurance to pay for the routine expenses, but you do need insurance for the unexpected large losses. So pay for the routine expenses yourself, and don’t underinsure your excess liability (personal umbrella).  Read more here.


blog 12


Some of the Information that appears on this site is produced by Chartwell Insurance Services an independent insurance broker specializing in the personal asset protection of successful individuals. Other content is provided as a resource. The contents of all posts are informational only and Chartwell Insurance Services is not providing legal advice nor policy interpretation. If you have questions please direct them to a representative of Chartwell Insurance Services.