Organizing Life's Daily Demands with Peter Gordon, Episode 62

In this episode of Organizing Life's Daily Demands, Peter Gordon speaks with Michael Blumenfeld, president of Mile Square Insurance, a local Hudson County insurance agency dedicated to bringing back the personal touch in insurance protection for families, condo associations, and small businesses.

Tune in to the episode to hear about:

* Michael’s background in insurance, beginning in the late 1980s to founding his independent agency and growing it to nine employees serving about 3,000 customers with home, auto, and business coverage across multiple carriers.

* Why policies should reflect individual risk tolerance

* How insurance needs become more complex with age (more assets, classic cars, teen drivers)

* Why umbrella policies protect assets in a litigious environment beyond typical auto liability limits

* The importance of regularly reviewing policies

* Common mistakes in insurance such as over-focusing on deductibles instead of coverage quality and adequate dwelling replacement limits

* Consequences of inflation and post-disaster rebuilding cost spikes

* Policy provisions that can provide additional funds after widespread calamities

* Michael’s take on the recent homeowners insurance market

* Mile Square’s review process

* The role of agents/brokers in advocating for clients during claims issues

Learn more about Michael Blumenfeld:

* Connect with Michael on LinkedIn: https://www.linkedin.com/in/michaelblumenfeld

* Visit Mile Square Insurance Agency’s website: https://www.milesquareinsurance.com

* Email Michael: mike@msqia.com

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Peter Gordon, Founder and President of New York Financial Organizers, is a Daily Money Manager. New York Financial Organizers helps people handle their bills, insurance claims, and all the other non-investment aspects of their finances.

In each episode of Organizing Life's Daily Demands, Peter interviews people he trusts, values, and often works with, who have a general interest in geriatric services or anything that's applicable to organizing life's daily demands.

Subscribe to the Organizing Life's Daily Demands podcast: https://podcasts.apple.com/us/podcast/organizing-lifes-daily-demands/id1634421990

Connect with Peter on LinkedIn: https://www.linkedin.com/in/psgordon

Learn more about New York Financial Organizers: https://nyfo.nyc