Why You Need to Audit Your Own Insurance Policies ASAP

Why is it so easy to review policies for everyone else while ignoring your own? In this episode of Falcon Forward, host Peter Brecht opens up about auditing his own home, auto, umbrella, and cyber insurance policies—and the major eye-opening gaps he discovered along the way. Joined by Falcon West President Mike Tanghe, they break down real-world personal risk scenarios, from navigating cancelled home insurance to strategically adjusting deductibles and protecting your family against hidden liabilities. Peter shares his personal experience moving from direct-writer home coverage to rental policies, the surprise umbrella rejection from online-only insurance apps like Lemonade, and his internal debate on raising auto deductibles to $5,000 to combat skyrocketing rates. Mike weighs in with crucial advice on auto accident decision trees, statute of limitations risks, and why proper claims documentation is essential. Together, they explore why personal umbrella policies and modern cyber insurance (like NetGuard) are non-negotiable shields for high-earning professionals and modern families. 00:00 Welcome to Falcon Forward & Episode Overview 01:23 Why Brokers Need to Audit Their Own Policies 02:34 Getting Canceled: Home Insurance & California Fair Plan Reality 05:39 The Lemonade App Trap: Fast Policy vs. Umbrella Acceptability 08:17 Earthquake Coverage & Loss of Use Misconceptions 12:09 Skyrocketing Auto Rates & The $5,000 Deductible Strategy 16:03 What to Do After an Auto Accident (Statute of Limitations & Documentation) 20:04 Why 95% of People Misunderstand Umbrella Insurance 23:31 Protecting Future Earnings & High-Limit Personal Liability 27:20 AI, Kids & Modern Personal Cyber Threats (NetGuard Overview) 33:49 Key Takeaways & Final Thoughts About the Show: Falcon Forward is a podcast focused on commercial and personal insurance, career growth, small business strategies, and navigating the modern insurance industry. Hosted by Peter Brecht and Mike Tanghe, the show offers practical insights for producers, business owners, and risk management professionals. #insurance #falconwest #commercialinsurance #personalinsurance #homeinsurance #autoinsurance #umbrellainsurance #cyberinsurance #smallbusinessinsurance #insurancebrokers #prospecting #insuranceproducers #salesstrategy #riskmanagement